Sales of all residential homes in June were similar to May, but down significantly when compared to June of 2015. According to the chair of the REALTORS® Association of Edmonton, Steve Sedgwick, “Inventory remains high and buyers continue to have good selection. This is welcome particularly to those looking in the popular $350,000 to $450,000 single family price range.”
In the single family home sector, it took about 50 days to sell a house and sales were down by 16% when compared to June of 2015. The average price came in at $435,366 which is a decrease of 1.2% compared to May, and 1.8% compared to last June. There were 1,117 single family homes sold in the month of June, while there were 1,672 active listings.
On the condo side, the average days on the market was 58 days with sales down by 23.6% compared to June of 2015. The average price was $236,326 which is actually a 3.45% increase over May and a 2.99% increase over June of last year. There were 465 condos sold and 1,000 active listings.