What’s going on in the Edmonton Real Estate Market??
Posted by Matt Ferguson on
I am a little bit surprised but also very encouraged with what I’m seeing in the market. Last month we saw the average single family price increase 3.78% from this time last year.The days on market decreased to 45 from 56. Last month there were a total of 1299 sales which is also up 2.77% from last year. The current inventory sits at 5474 What does that all mean ?? Well low interest rates and more financing options have resulted in some buyers jumping into the market prematurely. A lot of the buyers I talk to initially intended to wait until the spring market to buy but with 5 year fixed rates as low as 1.69% and the average home price at an affordable level now is a great time to take advantage. With these low rates many buyers are now able to…
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