Below is the Edmonton CMA month to date activity as of February 9, 2015 for residential and rural properties. If you're thinking of selling your home or purchasing a new property and would like a more in-depth analysis for a specific area, please call or email us directly. We are always here to help answer any of your real estate questions!
Residential listings are up almost 30 percent compared to January of last year. 2,316 new listings came on the MLS® System for the Edmonton Census Metropolitan Area (CMA) in January compared to only 932 new listings in December. Sales for January were 666 (not adjusted) - down 13.5 percent month over month and down 25.9 percent from last year. These two factors resulted in a 35 percent inventory growth from 3,059 to 4,132 last month. Inventory is up almost 17 percent from the same time last year.
“We ended 2014 with low inventory. While this is not unusual for the winter, it can make it difficult for buyers to find the right home. The influx of properties we have seen on the market in January will be a relief for buyers - allowing them more choice in