November 2019 Edmonton Area Real Estate Report

December 5, 2019 11:04 am Published by

Condominium’s continued their recent increase in popularity this November with an increase in sales of 12.5% as compared to November 2018. The average sale price also rose to $228,11, a 3.37% increase year over year. There certainly appears to be a bit of a shift in the market which is good news for condominium sellers.

Single Family home sales however were down -5.8% but the average sales price of $420,650 is basically unchanged. The opposite was true for the Duplex/Townhome category with sales flat but prices off by -7.99% at $322,330.

What I find interesting is the total Residential Inventory has decreased by -9.31% since November 2018 while the total number of Year to Date sales is only off by -0.81%. The basics of supply/demand might be taking hold which should in theory help to stabilize prices.

Let’s see what the future holds but in the meantime, have a very MERRY CHRISTMAS!

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This post was written by Cat and Chris