Edmonton real estate prices continue to be fairly flat with very slight decreases compared to August and this time last year. Going forward, the chair of the REALTORS® Association of Edmonton says “We expect to see listings and sales slow as winter approaches. We may begin to see the effects of slight downward pressure on prices, but do not expect to see any drastic movement as our market continues to remain stable. Sellers can expect to wait a little longer than previous years for their property to sell.”
For single family homes it took on average 54 days to sell with an average price of $430,461 and a median price of $397,250. This represents a slight decrease in average price of .9% compared to August, and .24% compared to September of 2015. Sales were down by 8.3% from last September and there were 846 houses sold.
For condos it took a bit longer to sell with the average days on the market at 65 days. The average price was $251,365 and the median price was $230,000. There were 327 condos sold which is a fairly significant decrease of 24.4% compared to last September.
Here is the infographic
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