During the first quarter sales values declined but inventory levels dropped massively.
628 condos sold in Edmonton during the First quarter of 2020. This is only 23 fewer condos sold than last year and confirms the underlying demand for condos in Edmonton, despite the emergence of Covid 19.
Condo sales values went down compared to last year. Condos during the last quarter sold for around $2600 LESS than last year. This equates to about a 1% DROP in sales values.
Days on Market:
Buyers purchased 6 days FASTER when compared to last year. Average days on market was only 66 days.
Month End Inventory
Inventory continues to drop. At the end of the First quarter we had 996 FEWER…
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