Sales in the Edmonton real estate market were up by 63% in March when compared to February, but were down by 6% compared to March of 2015. According to Steve Sedgwick of the REALTORS® Association of Edmonton “Inventory is growing, with more than 3,000 properties coming onto the market last month. Despite the inventory growth, prices are holding steady, with median prices on par with last year, and average prices up slightly due to the sale of high-end luxury homes in March.”
For single family homes, the average days on market was still fairly high at 49 days, and sales were down by 6.6% compared to March of 2015. The average price was $439,815 while the median price was $405,000 with a total of 863 homes sold.
In the condo market, there were a…
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