June Market Stats

Market Stability Evident in Mid-year Housing Review

Edmonton, July 3, 2013: In the first six months of the year, housing prices in the Edmonton Census
Metropolitan Area (CMA) showed slow, steady increases. According to the REALTORS® Association
of Edmonton, the all-residential average price was up 5.6% from the average price on December 31,
2012. Compared to June 2012, the current average price i...s up 4.2%.
“Economic conditions in the Edmonton area are generally positive and this is reflected in our local
housing market,” said President Darrell Cook. “Prices have risen slowly through the first six months
and there is nothing in our local economic trends to indicate that this period of stability will change.”
The average all-residential price for the Edmonton CMA in June was $359,631. This was up 0.8%
from May 2013. The average price of a single family property in June was $412,269, up 2.3% from
last June when the price was $402,840. Condominium prices followed a similar path with June prices
at $261,854 compared to a year ago at $240,822.
The inventory of available residential properties on the MLS® System has increased over the past two
quarters and is currently at 6,078 properties. Never-the-less, this is still lower than the inventory of
6,435 homes recorded at the end of June 2012.
“Higher prices and a shortage of inventory in some categories have limited the number of sales,” said
Cook. “We are seeing some instances of multiple offers, however buyers looking at higher priced
properties are taking their time to study the market with their REALTOR® before making an offer on
the property that matches their needs.”
The all-residential sales figures for June are down 1.5% year-to-date when compared to 2012 with
8,664 sales so far in 2013 as compared to 8,792 in 2012. There were 1,840 residential properties of
all types sold in the Edmonton CMA in June and 1,800 sold in June 2012. Single family detached
sales of 1,080 were off 4.9% from last year. Condominium sales were up in the first half because of a
lack of lower priced single family properties. There were 470 condo sales in June compared to 536 in
June 2012. There were 116 duplex/row house properties sold in June. Note: all sales numbers are
estimated to reflect late reported sales.
The average days-on-market for all residential property was up to 47 days from 45 days in May and
the sales-to-listing ratio was 63% in June, up from 53% last month.

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