It is still a Buyer’s Market here in the Edmonton Real Estate Market!
We are nearing the Christmas and it is no surprise that the real estate market here in Edmonton is
slowing down.
As of today there were 2,413 single family homes for sale in Edmonton proper. That is about an average
inventory level for this time of year.
However the number of sales of single family homes in Edmonton proper in the last 30 days has only been 510. This gives us a listings to sales ratio of 4.73:1 which is still higher than the 4:1 that we need for a
neutral or balanced market.
This indicates that we are going to continue to have downward pressure on house valuations here in Edmonton and it is going to continue to be a Buyer’s Market.
If you want your homes to sell you are going to need to have your home very aggressively priced and be the lowest priced home against your competition.
Tags: edmonton real estate statistics, housing market, Real estate news
