The Edmonton real estate market remains steady. The forecast for 2010 is more on the positive side for many, as the current numbers remain strong. 

“We anticipated sales levels would be the same as last year but REALTORS® have already sold more property than last year with a month to go. This is a good indicator of the strength of our local market.” said Charlie Ponde, president of the REALTORS® Association of Edmonton. 

There were total of 1,261 residential sales in November, 41.0% higher than the same month of 2008 and it took on average 48 days for the homes to sell. The average price for a single family home is up by 1.2% at $368,018, and 1.5% higher than the same month last year. 

Condos, on the other hand, are down by 2.5%, selling on average for $231,684 and almost no change in price compared to November of 2008. 

As to number of sales this year, there have been 20,355 homes sold so far as compared to 19,448 in 2008. Sales-to-listing ratio was 67% and 1,894 homes have listed on the MLS® System while the inventory stood at 5,226 properties. 

See more at Edmonton Real Estate Info