City of Edmonton September statistics are in, and we are trending downward in every category.
Year over year, All Residential average prices are down 6.4%, Single Family 1.8%, Condos 11.9% and Duplex/Rowhouses .9%.
Month over month, All Residential average prices are down 4.6% Single Family 3.9%, Condos 6.8% and Duplex/Rowhouses 2.4%.
All Residential inventory is favoring buyers with 6.4 months of products. Single Family is in a balanced position at 5.8 months of inventory. Condos are in a buyer’s market at 7 months of product and Duplex/Rowhouse are balanced favoring neither buyers nor sellers at 5 months of inventory.
I want you to feel comfortable calling me whenever you have a question or concern regarding the housing market, buying or selling a home, or anything else that’s real estate related. Even if you have no plans to move in the foreseeable future, please consider me your source for real estate answers and advice.