Rowhouses Shows Strong Increase For October 2021
October shows a positive increase and stable market for 2021. The strongest increase is in the duplex/rowhouse products.
Here is a summary of what happened last month in the City of Edmonton.
All residential sales stayed very flat with a .4% year over year increase and .1% month over month increase. A strong sellers market at 1.8 months of inventory.
Single family dwellings were up 3.3% y/y and down a marginal .4% m/m. Still holding a seller market position with 3.1 months of inventory.
Condos also stayed stable at .6% increase y/y and a promising 2.2% increase m/m with 6.4 months of inventory. Still holding to a buyers market, but awfully close to a balanced market position.
Duplex/Rowhouses showed a very strong increase of 8.7% y/y and 7.9% m/m and with only 2.8 months of inventory, sellers have the advantage.
So if you have been thinking of up-buying and own a rowhouse/duplex, now is the time to take action.
As your real estate agent, I’m always available when you have questions or need advice regarding home ownership. In fact, I’m there when my clients need me even if it’s months or years after a transaction.
So, please don’t hesitate to give me a call. You don’t have to be serious about selling your home to talk to me. Even if you’re at the “wondering about it” stage, I’m here to help.
All about you. Really.
