During the month of June, 3,041 new residential listings were added to the Edmonton Census Metropolitan Area (CMA). Although the number of residential units reported sold was flat month-over-month, June saw 1,117 single family sales, down 16 per cent from this time last year, but almost identical to the number of reported sales in May, 2016. Reported condo sales were up 11.5 per cent month-over-month at 465 units, but still down 23.6 per cent from last year.
“Although June’s residential unit sales are up slightly over May, we did not see the numbers set in June of 2015. Also notable is that the sustained lull in sales we have seen over the past two years has not been reflected in average price. Continued sales of higher priced properties in the region have helped keep average prices strong,” says REALTORS® Association of Edmonton Chair Steve Sedgwick.
The average days-on-market for all residential units was 53 days; 50 days for single family detached homes and 58 days for condos.
Have questions about the current market? Don't hesitate to call me at 780-709-0811 or contact me here!
Posted by Chris Proctor on
Leave A Comment