The home sales in Edmonton are seeing strong gains, in wake of the start of the spring selling season. During last month, the sales figure went up by 26.6 per cent, unlike the previous year.
The inventory also reverted to more typical levels, from the highs which were seen in the course of last year.
The Chair of REALTORS® Association of Edmonton, James Mabey said; “As we head into the spring buying season with stable prices, coupled with increases in unit sales and seasonally-appropriate inventory levels, it seems like a positive sign for our market.”
From January, the price increased by 2.61 per cent, and for single-family homes went up by 1.85 per cent from last year of February, with a benchmark sales price of $427,726. On the other hand, rowhouses and duplexes declined by 1.4 per cent month-over-month and 1.78 per cent year-over-year respectively.
The average selling price for condo also went down month-over-month by 6.51 per cent and year-over-year by 6.65 per cent.