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Derek Hulewicz
RE/MAX SELECT
12650-151 Avenue, Edmonton, Alberta
P: 780-220-4224
F: 780-457-2194
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Tuesday, October 5, 2010 - Edmonton Real Estate Market Update For September of 2010

Edmonton and area real estate remains stable in September.

Despite a high inventory and lower number of sales, housing prices in Edmonton did not go down as some anticipated. We have seen many price reductions in the past few months yet, buyers were paying in September on average $370,653 for a single detached home in Edmonton and surrounding area. It seems as many of the sellers have been listing their homes at higher level than last year.

There are currently over 8,500 residential homes for sale which is 30 percent more than same time last year. It is a buyer’s market and it took on average 57 days to sell a home in September. Number of sale was also down by 30 percent to 1,187 homes sold from 1,704 compared to last year. However, condos, performed better this time and were selling on average for $238,822, still 2.8 percent lower than in September of 2009.

posted in Edmonton Real Estate Market Update at Tue, 05 Oct 2010 09:33:37 -0600



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Data last Updated: 2019-10-17 at 20:45:15 MDT America/Edmonton
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