Edmonton Home Prices to Rise
We are heading into a strong spring market. In the last 30 days we have seen an increase in sales. In the last 30 days we have seen 801 single family homes sold in in Edmonton proper.
Currently in Edmonton proper we have 2,164 single family dwellings for sale. which is about average for this time of year.
This now gives us a listings to sales ratio of 2.7:1 which is far below the 4:1 that creates a balance market.
With a ratio that is considerable below the 4:1 need for a balanced market is a strong indicator that their is strong upward pressure on valuations. Expect the cost of homes to be going up.
If you are thinking of buying this year buy now and save yourself potentially thousands of dollars.
If you are ready to buy call us here at Team Leading Edge 780-634-8151 or visit us at www.EdmontonHomesForSale.biz
Source: Realtors Association of Edmonton
