Increase In Edmonton Home Sales

In the month of May, the sale of homes in Edmonton jumped by a quarter, however, it had gone down by nearly 3 per cent unlike May last year.

It was reported by the Realtors Association of Edmonton that the average prices continued to be restrained, with single-family home increased by merely 0.26 per cent over the year to $440,907, with condos down by 0.67 per cent to $250,818, and duplexes/rowhouses decreased by 1.52 per to $3334,406. The new listings had gone up by 15 per cent whereas the active listing increased by 4.3 per cent more during May last year.

James Mabey, Chair of Realtors Association of Edmonton said; “We are in the middle of our busiest season for real estate. More sellers are entering the market and are motivated to move their properties before the summer months, which provides the best selection of properties for buyers who are actively looking and taking advantage of the increased number of listings typical for this time of year.”