Edmonton Housing Sales Up – it must be spring!
It hasn’t been the worst winter we’ve seen in Edmonton, but we’re all still anxiously waiting for spring to arrive. This year, the Real Estate market in the area decided not to wait, and began showing signs of spring in February. Sales and listings always heat up as the weather warms, but this year, buyers and sellers came out of hibernation just a little early. In February, we saw listing activity increase by 10% over January. Sales activity was even stronger, increasing 18.2% over the first month of the year. That puts our sales-to-listing ratio for the month at about 55%, 4% higher than the same time last year. While that means fewer properties were listed than sold, there’s still more than four months’ worth of supply available. With strong prices fueling activity, we can expect to see more sellers make the decision to enter the market in the coming months.
Things always tend to heat up in real estate as we hit spring. This year, spring sales activity seems to have arrived just a little ahead of spring weather. To get the best sense of which way the wind is blowing in real estate and what it could mean for you, talk to your local REALTOR® –here when life happens.
Source: Real Estate Association of Edmonton
Tags: edmonton real estate, edmonton real estate statistics, Real estate news
