Inventory is decreasing, which means less competition! While unit sales dipped 12.6% from August, we’re still seeing prices on the rise, with the average residential price up 11.7% from last year. Now’s a great time to capitalize on increased home values! Detached homes are averaging 37 days on market.
With interest rates holding steady, it’s still a great time to secure a home before the inventory tightens further. Detached home prices increased 1.3% from last month, now averaging $552,684. Row/townhouses remain affordable, with prices up 9.6% year-over-year. However, properties are staying on the market a little longer, giving you more time to make your move!
Edmonton’s market remains steady and predictable, making it a prime spot for long-term investment. Semi-detached units saw a 16.8% price increase from last year, and townhouses are up 9.6% YOY. Take advantage of stable prices and competition over lower inventory.
Get ahead of the fall market shift! Whether you're buying, selling, or investing, there's opportunity out there for you. Let’s chat about how to make the most of it!
Craig Finnman
RE/MAX Elite
(780) 982-1589
craig@craigfinnman.ca
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