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 2015. The average price was $418,928 and the median price was $387,750


On the condo side, it took an average of 85 days to make a sale. Prices were down a bit more with an average price of $227,052 and a median price of $220,000. That is a decrease of 8.8% compared to last month and 10% compared to January of 2015. There were 761 active listings and 215 sales which is actually almost the same number of sales we had in January of 2015.


All data is from the REALTORS® Association of Edmonton


Here is our infographic 


Posted by Robert and Shawna Eskiw on
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