Edmonton Real Estate Market Continues to Improve
The Edmonton real estate market continues to improve. Currently there are 2,017 single family homes listed on MLS in Edmonton proper. That is a drop from last week and is supporting the fact that there is a shortage of good quality listings.
In the past 30 days there were 884 sales. Not the 1,000 sales that I would be looking for to happen in a normal market but with current inventory level is still a good number.
With those numbers that gives us a listing to sales ratio of 2.28:1. Again a drop in the listing to sales ratio indicating that we are going to see continued upward pressure on valuations.
Buyers beware waiting to buy, and get into the market before prices go up any further.
