Edmonton Home Prices Stable: Report

balance_800_03According to a report by the REALTORS ® Association of Edmonton, housing prices remained stable in April vs. March. And after a shaky 2010 and an even more volatile 2009, stability in the housing market seems like just what the doctor ordered if you ask me!

Here’s the statistical snapshot:

  • All-residential average price decreased $310
  • Single family home prices decreased $425
  • Condo prices rose $1,305
  • Residential sales were down 7.8%
  • Residential listing activity rose 9.8%
  • Inventory of homes on the Multiple Listing Service® increased 4.6%
  • The average days-on-market in April was 49 days.
  • The residential sales-to-listing ratio was 45% in April

So what do all these numbers mean for buyers and sellers? Well, it means a few different things.

If you’re a buyer, the increase in new listings means that inventory is strong and there are many great homes to choose from.

If you’re a seller, it means that it’s very important to have a pricing strategy so that your home doesn’t get passed over; especially if you’re looking to sell in the short term vs. the long term.

If you’re looking to buy or sell in this stable – but still very active – Edmonton housing market, contact me at 780-709-0811. I’m here to help!  

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Chris helped me sell my condo so I could downsize to something smaller. He did an excellent job explaining the process & the services provided. He is always very courteous, patient and professional. Chris is also easy to get in touch with and made the effort to go that ‘extra mile’. Good luck Chris!

- Terri Wolkowski – RN

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