Edmonton Market Summary for July 2016:
July was a pleasant surprise for home sellers in Edmonton. After witnessing a slight decline in June home sale values, prices jumped back up significantly in July 2016. Sales volume remains lower and it’s still taking longer to sell a home however.
Home sellers across Edmonton enjoyed a 4% uplift in values compared to the same period last year. Homes sold for an average price of $387,916 compared to $373,809 in July 2015, or $14,107 more.
Days on Market
In July it took on average 52 days to sell a home compared to only 49 days last year. We have seen this gap shrink as the year has progressed.
Only 228 fewer homes Edmonton homes sold in June 2016…