Edmonton real estate market has slowed down slightly in June of 2010. We see plenty of price reduction across the board while inventory is still high. It is definitely a good news for buyers. Surprisingly, the prices are still relatively strong given current market conditions. It will be very interesting to see which direction the market will turn in the next few months.

Single detached home prices were down by 3.1% and these homes were selling on average for $378,979, while condos were also down by 1.5 percent to 240,371. The inventory is still high at 8,892 listings while number of residentail sales has decreased to 1,294 from 1539. Average days on market are up to 51 days from 47.