Recent Data Shows Flat Edmonton Home Prices

Last month’s Edmonton region home sales dropped from May 2016, but the average selling price for a single-family house rose slightly, figures from the Realtors Association of Edmonton show.

There were 1,853 houses, condos, duplexes and other residential properties sold in May, up about 25 per cent from April but down 2.8 per cent from the previous May, according to information released Friday.

That decrease helped boost the number of properties on the market by 4.3 per cent from one year ago to 8,385 properties, although a total of 6,691 properties were sold in the first five months of 2017, up 2.7 per cent from the same period in 2016.

The average May price eased about 0.75 per cent from last May, to $379,018. While prices for condos, duplexes and row houses dropped, the average value of single-family houses was up one-quarter of a percentage point to $440,907.

“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,” association chairperson James Mabey said in a written statement.

Homes spent an average of 54 days on the market before being sold last month, the same as in May 2016.


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