City of Edmonton November 2021 market stats gifted us with more of the same. I’m not complaining, as Edmonton is still one of more affordable cities to live in, in Canada!
All residentials sales are sitting in a balanced market with 4.4 months of inventory to sell at our current rate of purchasing. The average price went up 1.9% year over year and 1.4% month over month.
Single family dwellings are in a strong seller’s position, as there is only 2.4 months of inventory. The average price was up 3.5% year over year and up a mere .7% month over month.
Condos are still in a buyer’s market position with 6.3 months of inventory. The average price went down 2.4% year over year and 1.2% month over month.
Duplex/rowhouses are in a strong seller’s position with only 2 months of inventory to sell. The average price went up 2.9% year over year and down 3.4% month over month.
Our market has been stable over these past months. It is a low risk to make a change even at this time of year. So if you or someone you know needs professional representation to buy or sell residential real estate, I am a call or click away.
If we don’t get a chance to chat before the year’s end, let me take this opportunity to say, “Thank you for the privilege of staying in touch with you!”
Merry Christmas and best wishes for the new year!
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