July Market Still Favored Sellers!
July 2021 was setting all kinds of heat records here in the City of Edmonton. The Sellers market also continues to be hot and has been for the last 11 months.
Here’s what our numbers looked like for July 2021
All residential sales is sitting in a sellers market with 4 months of inventory. Average price is up by 6.2% year over year and down 2.2% month over month.
Single family sales is in a sellers market with 3 months of inventory. Average price is up 6.4% year over year and down 3.1% month over month.
Condominium sales is in a buyers market with 6.6 months of inventory. Average price is up 9.2% year over year but down by a mere .5% month over month.
Duplex/Rowhouse sales is in a sellers market with 2.6 months of inventory. Average price is up 6.0% year over year and up by 1.5% month over month.
Houses are in the greatest demand and duplex rowhouses are showing the most positive stable pricing for the month. I observe the annual July decrease in pricing as people are going away on vacation and not thinking about their real estate investment. Especially after the pandemic, people just want to get out of town.
For any kind of professional, residential representation, please call or pass my name and number onto someone you know!
Referrals are always appreciated!
All about you. Really.
