Edmonton Market Continues to Soften
Tuesday, October 8th, 2019City of Edmonton September statistics are in, and we are trending downward in every category.
Year over year, All Residential average prices are down 6.4%, Single Family 1.8%, Condos 11.9% and Duplex/Rowhouses .9%.
Month over month, All Residential average prices are down 4.6% Single Family 3.9%, Condos 6.8% and Duplex/Rowhouses 2.4%.
All Residential inventory is favoring buyers with 6.4 months of products. Single Family is in a balanced position at 5.8 months of inventory. Condos are in a buyer’s market at 7 months of product and Duplex/Rowhouse are balanced favoring neither buyers nor sellers at 5 months of inventory.
I want you to feel comfortable calling me whenever you have a question or concern regarding the housing market, buying or selling a home, or anything else that’s real estate related. Even if you have no plans to move in the foreseeable future, please consider me your source for real estate answers and advice.
