Busy April Market!
Thu, 13 MayApril has seen one of the busiest markets since the boom of 2006-07!
Here is the breakdown for this past month for the City of Edmonton average prices.
All residential average price is up year over year by 8.1% but held month over month is a .5% decrease. Favoring sellers right now with a 2.8 months worth of inventory.
Single family dwellings are up 10.3% year over year and held month over month with a .1% decrease. Houses are also favoring sellers with 1.8 months of inventory.
Condos saw a 1.6% increase year over year and also held month over month with a.2% increase. They are sitting in a balanced position with 5.4 months of inventory.
Duplex/Rowhouses are up 4.5% and held month over month is a .8% decrease. Also slim on their inventory favoring sellers with 1.5 months of inventory remaining on the books.
The year over year pricing can be a bit deceptive as you can appreciate that April 2020 we were in the beginning of our first lock down and people were uncertain as to future economic stability. April 2020 saw 514 residential sales while April 2021 saw 1934 sales. So be conservative in interpreting year over year numbers.
No matter what kind of market a professional will always be able to guide you through a sale or purchase with your best interests represented. Call me for representation!
All about you. Really.