According to The Realtor's Association of Edmonton Market News Release , the local housing market is up! Both sales and prices rose from month to month, as well as from the sametime last year. There were 2649 new residential listings this month, 1231 listings sold, and total the total number of residential listings at the end of the month was 5976. This means that 20% of all listings sold. The average days on the market, of the homes that sold in February, was 54 days. Down from the average in January, which was 65 days.
As our local housing market remains positive, the national remains soft. In Alberta we are able to take advantage of a strong, stable housing market, and historically low interest rates. Today is a great time to make a move in the Edmonton and area real estate market. The Century 21 Dreamteam are qualified professionals, that can help you to sort through the data and information that is coming at you from all directions today. We help buyers and sellers to make informed decisions that support their goals.
* Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Prior period figures have been adjusted to include late reported sales and cancellations and therefore reflect a more accurate view of the period than previously reported at month end.