The Edmonton home selling market continued to show its strength in July. We witnessed almost the same number of transactions as last year. Days on market was similar. Values have been challenged a little.
Days on Market:
In July home sellers were witnessing success in only 54 days, up 3 days from last year. Home sellers who are still on the market after about 60 days, should be asking their REALTOR® for advice, as there is something wrong with their positioning.
Month End Inventory:
Although month end inventory was 1020 units UP on the same time last year, this number has come down from June which was at 1245 unsold homes for sale.
We expect that this number will further slide as unmotivated home sellers start to…