It’s March 3rd 2021 and many people are wondering if the Edmonton Alberta home sales market is favoring buyers or sellers right now?

If we look at the big picture its would seem that it’s a sellers market.

Sales volume is up in Edmonton by a whopping 19% over this time last year.

Sales prices are 4% UP.

Its when we look at inventory levels that things even really interesting.

Single family inventory is down by around 650 units (13%) which should lead to higher prices. However, condo units for sale are up by 227 units (12%). Covid 19 has made condo living less attractive, at least in the short term and this combined with a glut of inventory impact prices and I expect to see condo sales prices drop over the next few months.

So, the final take on this?

If you are a seller of a single family home you can expect to do well. Of course, if you are a buyer you may have to adjust your expectations and pay more.

If you are a seller of a condo expect to offer a big discount. If you are a buyer this could be the time to jump in and take advantage of a wider selection of condos for sale and at great prices.

My detailed market report will be published over the next day or two.

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 transparent & affordable 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


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