With the exception of January, the Edmonton home and condo resale market has defied predictions of the analysts, whom back in late January were suggesting value drops across Edmonton of between 2.4% and 3% by the year’s end. However, June has seen some slowing down when compared to the same period last year.
Days on Market
It’s taking 50 days to sell a home in Edmonton this year compared to only 45 days last year. However, when compared to many markets across Canada, this is still an excellent statistic.
Whilst values climbed in May compared to last year, Edmonton home buyers were able to negotiate about a .3% discount for purchases made in June this year, compared to June 2015.
The average price…