The Edmonton real estate market remains stable, although it is taking a bit longer to sell a home right now. The chair of the REALTORS® Association of Edmonton Steve Sedgwick, says “Relative to other markets in Alberta, Edmonton’s resale housing market is solid.” and “The fact that we haven’t seen a significant decline in prices is giving buyers more assurance. They are making purchases based on market stability and good selection.”  

In the single family home market, it took an average of 51 days to sell a home with an average price of $440,573 which is a slight increase from April of this year, but a decrease of 2.9% from May of 2015. Sales were down by 7.4% compared to last May with 1,119 houses sold while there were 1,824 active listings. 

For condos, the average price was $254,555 which is an increase of 1.4% compared to April, but a sight decrease of .24% compared to May of last year. Sales were down by 25% from last May, and it took an average of 59 days to sell a condo. There were 1,047 active condo listings last month. 

Have a look at our infographic for more details. 

 

Posted by Robert and Shawna Eskiw on
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