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!  

Posted by Chris Proctor on


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