Is the Edmonton condo market turning around? Fewer days on market and reduced inventory may inject some life into the market later in 2019. Read the details for January here.
Days on Market:
Condo buyers in January this year seemed to act with some confidence, snapping up units for sale in only 91 days on average compared to 93 days last year.
Month End Inventory
At the end of January 2019 there was almost 350 FEWER units for sale when compared to January 2018. This may represent the light at the end of the tunnel for sellers as the market suffered from a chronic over supply last year.
However, based on current demand the 1845 units still for sale at the end of January represents a 10-month supply.