Home prices are holding steady with a slight decrease in August compared to July. Oil prices are having an impact on our housing market, but Edmonton is doing better than most other cities in Alberta. Geneva Tetreault of the REALTORS® association of Edmonton explains. "New developments and projects both in the city and outlying areas have kept the housing market moving"
For single family homes, there were 884 houses sold in August which is a decrease of 15.3% compared to July. The average price was $439,829 while the median price was $402,750 and it took an average of 52 days to sell.
In the condo market, sales were down by 15.4% with 433 condos sold, when compared to July. Prices were down slighly by .8% compared to July and by 2.79% compared to August of 2014. The average price was $254,672 and the median price was $235,700. The average days on market was 56 days.
Here is our infographic
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