“Traditionally the market dips in December but inventory starts to build in January to supply the spring market,” explained REALTORS® Association of Edmonton President Chris Mooney. “We expect sales activity to increase along with spring temperatures and continue all through the first two quarters.”
The average* price of single family dwellings in January was $356,276. Condo average price was $220,993. Duplex and rowhouse prices also dropped on average from $315,163 to $297,587 a 5.6% drop. Of course great deals are out there! All prices reflected sales across the entire Edmonton region including surrounding communities and counties.
The average days-on-market (homes for sale) in January was 67 days up from 53 last year. The residential sales-to-listing ratio was a low 34% in January and total MLS® System sales were
almost $253 million.
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