Spring Has Not Sprung In The Real Estate Market!
Anecdotally I’m busier this week than last month at this time, however prices don’t seem to reflect a spring market just yet.
City of Edmonton ONLY average price for all residential show a decline of 5.7% year over year and .5% month over month.
Average prices for houses have dropped by 5.8% year over year and 1.5% month over month. We are in a balanced market with 5.6 months of inventory.
As for condos the average price drop year over year is 11% and month over month is 5.9%. Buyers are able to dominate transactions with 8.5 months of inventory to choose from.
Duplex/Rowhouses also saw a drop of 3% year over year but a 1.7% increase month over month. They are also in a balanced position.
I have some exciting news to announce regarding a special offer for home buyers. Watch my FB page, email or mail within the next week or so! Learn how a buyer could win their mortgage payments for a year!
Call me for professional representation!
