May 2019 Edmonton Real Estate Report

May 12, 2019 11:41 am Published by

How was the Edmonton Real Estate Market in May you ask? Well, not too bad with an increase in all sales over April 2019 by 17.64% and 4.04% compared to May 2018. An increase over April is typical for the season but what I like is that we performed better than 2018.

Have we turned a bit of a corner? Who knows but its good to see especially for Condo Seller’s who have had to contend with a saturated market?

For Buyer’s the news is also good if you consider the average sales prices in all categories are softer than May 2018. They did increase compared to April probably due to the stronger demand, but they are very affordable none the less.

What to expect in June? Typically, we should see a bit of a drop as we start to move into the summer season. However, we’ve noticed some hot spots in the market with well priced, good quality homes getting multiple offers! That’s something we haven’t seen for awhile!

In the meantime, if you’re thinking of buying or selling and looking for some advice, please give us a call.

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This post was written by Redman Team