780-893-9987 RE/MAX River City

Buy, Buy, Buy!

Wed, 12 Dec by melodykilbank

November 2018 stats for the City of Edmonton are looking a little “slushy”! Our market continues to soften.

Although our inventory numbers are decreasing, it is not only from sales, but from expired listings. We are now 6 months into a Buyers Market. Single family dwelling average price took a hit year over year by 5.3% and month over month 2.1%. This is now the second month running of a buyer’s market in this product.

Condos continue to slide downward, year over year 7.3% but month over month .2% which caused the product to remain flat. Still a strong buyer’s market at 8.7 months worth of inventory.

Duplex/Rowhouses were showing some promise with a 2.7% increase month over month, but tempered by a 2.8% decrease year over year. This category is also favoring buyers with 6.5 months of inventory.

So now is the time to BUY!

Wishing you and yours a very MERRY CHRISTMAS and a SUCCESSFUL 2019!!

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