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May 2018 – Edmonton Real Estate Market Stats

Saturday, May 12th, 2018
May 2018 Edmonton Real Estate Market Stats

May 2018 Edmonton Real Estate Market Stats

*Stats as of April 30, 2018

The snow is gone and the sales are coming.  The Edmonton residential real Estate average is sitting at a lovely $369,258. Down year over year by 2.48% and up 1.43% from last month.

Residential single family dwellings with an average selling price of $429,116 have decreased 2.39% from last year and increased 1.29% over last month.

Condo dwellings, continuing on a downward trend, dropping 2.39% to $247,405, yet increased 5.63% from last month as well.

Rowhouses and Duplexes are sitting at an average of $323,906 down 9.48% from last year and down 7.33% from last month.

Highest sales for April of 2018?

Single Family – $1,440,000

Condos – $850,000

Duplex/Rowhouse – $597,500

Average days on market?

Single Family: 52 Days, up four from last year

Condos: 66 Days, up six from last year

Duplex/Rowhouse: 59 Days, down five from last year.

Quantity of New Listings?

3,470 new listings for a total of 8,788 listings on market, an increase year over year of 10.97%. Anyone who tells you there aren’t enough listings in Edmonton, does not know the market at all.  Watch out for all those claims on postcards and in the news folks.

How many Sales in April 2018?

1,555 sales – which shows 5.65Months of inventory on market, definitely a buyers market.

Price your homes right.  It will matter.

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