Total sales in the Edmonton Area increased 47% compared to last January and increased 6% from December BRAND NEW residential listings are up month over month, increasing almost 90% from December 2020. Overall inventory fell 17% from January of last year and increased 5% from December 2020. JANUARY SINGLE FAMILY SALES-737 50% from January 2020 and up 9% from December 2020 at Single family homes sold for an average of $427,000, a 3% increase year-over-year but relatively the same as December Single family homes averaged 59 days on the market, a 14-day DECREASED from January of last year. Condos averaged 73 days on the market, a 10-day decrease year-over-year. We are definitely encouraged to see this kind of activity at the start of the year, which is typically a slower time in the real estate market, and especially in the current economic climate.” THE ONE TAKE AWAY. WE NEED HOMES TO SELL, GETS YOURS ON THE MARKET. HAHA IF we can help you in anyway please reach out to us. See you soon Matt Ferguson Real Estate Group RE/MAX REAL ESTATE

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