By: Christian Bailey

Edmonton Housing Market Update, November 2017

Tags: homes for sale, homes in edmonton, buy, sell, invest, mortgage rates, alberta, canada, prices,

Edmonton Housing Market Update, November 2017

Christian Bailey
Using the numbers from October, we are experiencing higher inventory which increase the days to sell. But, we see home values are up 1.72% compared to last year because more people are purchasing homes in the luxury markets to take advantage of lower prices and decent mortgage rates
Duplex/townhouses take the biggest hit in sales volume followed by condominiums

Sale volumes tend to slow down close to the winter months, however, Duplex/rowhouses are down 10.06% month/month and down 5.30% year/year. Condominiums follow behind in sales down 8.17% month over month, and down 7.12% year over year. Single family homes seem to be selling the best with an increased in October of 3.69% and only decreased slightly compared to 2016 at 0.59%.

All residential sale prices increased by .06%

Follow here to read the full blog on Edmonton, Alberta's real estate market for November 2017.

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