August Market Report for Edmonton

Posted by Stuart Neal on Friday, September 4th, 2020 at 9:49am.

 Sales prices are breaking records in Edmonton at this time. In August, homes sold for 1% more than August last year.

Sales Values

In August 2020, average sales prices were around $375,160 compared to $371,381 last year & around $375,000 in 2018. That’s a jump of 1% & prices have strengthened since March.

Days on Market

 

In August 2020 home buyers wasted no time selecting & purchasing their next home. Average days on market in August was only 50 days, compared to 62 days last year & 54 days in 2018. 

Sales Volume

 

After record breaking results in June & July we are pleased to see sales volume stay strong in August this year. Recorded sales were only 19 units down, compared to last August when 1089 sales were registered in August. Total sold this August was 1070 units.

Outlook

Inventory levels remain low. At the end of August there was 763 fewer homes & condos for sale compared to last year, equal to a drop of 12%.

We are cautiously optimistic for the rest of this year & we anticipate that that will be more than 900 sales recorded in September. 

About the author:

You can read more about the author of this blog by clicking this link – Stuart Neal Broker Owner & REALTOR®.

Want more information about our full service FLAT FEE home selling programs? Please feel free to call our broker owner Stuart Neal at: 780-760-2014 or visit our home sellers page www.FlatFeeRealtyAdvisors.ca

 

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