Despite of Rate Worries, Low Inventory Causes Increase in Average Sale Prices
Everyone is talking about it:
1) interest rates are up[when will they go down]
2) total sales are down- came to 1812 decreasing from September 2023 by 12%, but showing an increase of 21% over October 2022
3) Total residential average prices came on at $396,550, a 0.6% increase from September 2023, and a 0.7% decrease from October 2022
But, don't believe everything you hear. The sky isn't falling [ Homes are still selling, I was in multiple offer situation with 8 competing offers]. here is what is actually happening in the Edmonton real estate market.
Sellers who [ price right / stage right / are flexible with viewings ] are still selling.
Buyers have time to [ do inspections,…