THE EDMONTON REAL ESTATE MARKET IS STARTING TO SHOW SIGNS OF STABILIZING
You read that right! Our beloved Edmonton real estate market is finally starting to stabilize.
Below are a few good indicators that shows this stabilization.
MARKET STATUS: Edmonton is still in the Buyer’s market territory, that means Edmonton homes for sale still outnumber the current Edmonton home buyers.
AVERAGE PRICE BY CATEGORY: The condo segment barely moved on a Year-to-Year basis but its still better than single family homes which is down 2.67% from May 2015.
AVERAGE SOLD PRICE: Edmonton home sellers in April enjoyed a 3.15% increase Month-to-Month, while the overall market enjoyed a modest 1.36% Year-to-Year increase from May 2015.
25 YEAR PRICE HISTORY: The 25-year annual rate of return for properties in the city of Edmonton is +5.44%.
ACTIVE & SOLD LISTINGS: Down by 11.07% in May 2015 on a Year-to-Year basis. Yikes! Some Reators are not have a good year!
ABSORPTION RATE: a whooping 78.19% were unsold, expired & terminated listings!
The figures don’t lie, its clear that the market entering a steady state. Now is the time for you to take advantage of this stability! Carpe Diem!
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For a complete list of available Edmonton homes for sale, check out my new Edmonton MLS listings.
