Confidence seems to be growing once again in the Edmonton home sales market. Sales prices are UP and inventory levels are DOWN.
Sales prices climbed nicely in April 2017. Home sellers received on average $5,545 MORE, than did those that sold a year ago. We anticipate that this trend may continue as the year progresses, albeit with perhaps the odd blip.
Days on Market
The market is speeding up. Based on April’s numbers, home sellers can expect to have their home under contract in around 52 days. This might be further evidence that the Edmonton market is starting to pick up nicely.
In April 88 fewer homes sold than last year. This is not significant.
Inventory levels are interesting. There were 233 LESS homes on the market at the end of April when compared to last year. If this trend continues. then we should anticipate value increases and multiple offers.
If inventory levels stay low, sellers will experience lots of attention.
Home buyers are going to have to work harder. Taking time off work to see homes first and putting in early offers may be the key to success for the best, most sought after homes.
Want more information about our discounted flat fee home selling and purchase programs? Please feel free to call our broker owner Stuart Neal at: 780-760-2014.
Lowest Fees & Best Results,
Flat Fee Realty Services from $4500
All information was extracted from the Edmonton MLS® System. This report is provided for informational purposes only. We do not warrant or guarantee the accuracy of the information in any way. Readers are advised to complete their own due diligence and should not take action based on the information contained herein.