October Market Update: Balanced Supply, Stable PricesPosted by Chris Proctor on
Consistency is the name of the game when it comes to Edmonton’s real estate market in October.
A single family home in the Edmonton Census Metropolitan Area (CMA) sold for an average of $423,755, which is down 1.8% year-over-year (y/y). Condo prices were up slightly by 0.5% y/y at $245,698. All residential property prices remained mostly unchanged, down 0.6% from October, 2015.
“The housing market in Edmonton continues to experience relative stability, with increased sales and steady prices year-over-year for October,” said Steve Sedgwick, Chair of the REALTORS® Association of Edmonton. “We typically see the market slow during the colder months, so it is encouraging to see us moving into late fall with strong numbers.”
“We’re seeing buyers…
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