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Current Residential Inventory as of April5/2016

Posted by Christina Bieniek on Tuesday, April 5th, 2016 at 11:55pm.

As of April5/2016 we have 9197 properties for sale according to Realtors Association of Edmonton,

News were released,

Spring sales begin to pick up as prices hold study, 1364 properties were sold in Edmonton Census Metropolitan Area in March, up nearly 63% from 837 homes sold last month, but down 6.13% from the 1453 relative to March2015. There were 863 single family detached homes sold in the Edmonton CMA, a 67% increase month-over-month, and down only 1.5% from the same time last year. March saw the sale of 335 condos and 144 duplex/rowhouses, up 44% and 82% from February, respectively as of Realtors Association of Edmonton.

Inventory is growing, with more then 3000 properties coming onto the market last month, The average all residential price was $379,524, it took an average of 53 days to sell a home compare to 57 days last month.

I think it's a good time to buy a property with super low interest rate Mortgage and lots of Inventory Buyers have lots to choose from.

 

Christina B

 

 

 

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