Compared to last January, this past month did not project well. Around 370 homes sold. However, they took longer to sell, realized lower values and excess inventory is up. However, this may not matter. Read our outlook for details.
On total just over 370 single family homes sold in Edmonton during January 2019. Unfortunately, this does not compare well with 2018 when almost 440 units sold.
Home buyers in January 2019 were able to press their advantage and secure significant discounts when compared to last year securing (on average) about an 11% discount. One month is not enough to indicate a longer-term trend. For example, for the whole of 2018 prices dropped by about 1% compared to 2017.