February 2016

Found 2 blog entries for February 2016.

  Sales Volume  Sales Average Sale Price  New Listings  Active Inventory 
RESIDENTIAL          
Single Family Detached   111,647,529            273        408,965            971          3,434 
Condominium    28,729,712            114        252,015            541          2,109 
Duplex/Rowhouse    13,787,843             40        344,696            137            611 
Residential (Other)²       677,000              3        225,666             40            289 
  ============= ============= ============= ============= =============
TOTAL   154,842,084           430       360,097
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Residential inventory continues to remain strong, as January closed out with 5,751 properties for sale on the MLS® System for the Edmonton Census Metropolitan Area (CMA). That’s an increase of 39.2% over this time last year, and 13.03% up over last month. Sales for January were down however, with 618 properties selling in the first month of 2016, down 13.32% month-over-month, and 7.21% lower year-over-year (YoY).

“Sales volumes are down, relative to the same time last year,” REALTORS® Association of Edmonton Chair Steve Sedgwick explains. “It is likely that home buyers are responding to current economic uncertainties. Although prices have dropped slightly, they remain stable. Growth in inventory may create more opportunities for potential buyers, and

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