June 2019 Edmonton Area Real Estate Report

July 9, 2019 9:52 am Published by

 

The overall sales in June were similar to a year ago with the exception of the Condo market which dipped by 4.34%. The good news for sellers is that the overall Inventory declined 11.68% from June 2018 along with the number of Listings by 18.03%.

However, buyers are still in the driver’s seat as the average sold prices held steady from May and down about 4% from 2018. With the summer holiday season upon us, sellers will have to remain patient as the average Days on Market to sell is around 53 days.

What to expect this month? We should see the market slow down a bit as the holidays kick in and buyers able to cherry pick the homes of their choice.

In the meantime, if we may be of any assistance with any of your Real Estate needs, please give us a call.

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This post was written by Cat and Chris