* The average price of a single family detached property in the Edmonton area, compared to a year ago, was down significantly by 2.5%. November condo prices also took one of the biggest drops this year with the average price down 2% to $229,603. Average duplex/rowhouse prices of $318,605 went up over the previous month (6%).
* Multiple Listing Service® Listings were down from 2,267 in October to 1,860 in November resulting in less inventory.
* Larry Westergard, president of the REALTORS® Association of Edmonton. “Housing affordability in Edmonton is lower than the national average and economic growth in Alberta is expected to exceed other parts of the country.”
* The sales-to-listing ratio in Edmonton and area was 66% and the average days-on-market is 59 days.
(Contact Amber Prue at 780-906-0693 for your free real estate consultation.)
