August was a surprise. It started off slowly but by month end, sales volume rose comfortably and exceeded last year’s volume. Prices have moderated from the peak of spring and summer, but they remain above last year’s values.
In August 2021, average sales prices were $383,180 which is about 2% UP when compared to August 2020. In July 2021, prices were higher at around $391,083. We have almost certainly seen the peak for the year, although prices may recover between September and December 2021.
Last August there were 1070 total Edmonton sales registered. This year and after a slow start, 1172 sales were registered at the time of writing which is 10% UP on last year. Considering that the market has been…