There continues to be plenty of inventory for buyers to choose from while sales are down compared to this time last year.
Steve Sedgwick of the REALTORS® Association of Edmonton says “It is likely that home buyers are responding to current economic uncertainties. Although prices have dropped slightly, they remain stable. Growth in inventory may create more opportunities for potential buyers, and given the low interest rates, we remain optimistic about market growth as we head into the spring buying season.”
It took 61 days to sell a single family home in January while the average price dipped slightly by around 1% when compared to last month and this time last year. There were 1,308 listings and 342 sales which is a 21% decrease from January of…
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