Edmonton Real Estate Marketing Heating Up
Posted by Chris Proctor on
Though it may be freezing cold outside, the real estate market in Edmonton is heating up again!
As reported last Friday by the Edmonton Journal, Edmonton home buyers are enjoying a happy combination of: competitive home prices, healthy inventory, strong national sales growth, and historically low interest rates. All of that led to a boost in November MLS sales – the first such increase in five months.
According to the Realtors Association of Edmonton:
- The average price of a single-detached home sold for $362,657 -- .5% lower than October 2010, and 2.5% lower than October 2009.
- Condo prices dipped to an average of $229,604 – a 2% dip from October 2009, and a 3% drop from November 2009.
- The average number of days a house remained…
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