Thank you reading our February 2017 Edmonton Housing market report.
3 important takeaways from February's numbers:
Point 1. Reported unit sales continued to outperform 2016 in the Edmonton Census Metropolitan Area (CMA), with all residential categories increasing 26.6% in February 2017.
That is good news.
Point 2. INVENTORY . Year over year almost 15% decrease in the number of listings. ***
Point 3. Although the board does not cover this in the monthly report The Absorption rate is 4.95 Months total for Single Family homes & condominiums. If you're looking for an indication of where the market is headed, I always suggest looking at this calculation and even going further in the detail by looking at the absorption rate for Zone / neighbourhood and the specific type of property you are buying / selling in Edmonton.
Thank you for reading my February 2017 market report. If you have any questions about anything please call or email me directly.
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Interested in more information about Edmonton homes for sale? Contact Top Edmonton Realtor ® Robert Fyfe of Realty Executives Progressive via email, phone 780-700-4075 or try a custom Edmonton Area MLS ® Search. In today's market it is so important to have the best Realtor on your team when buying or selling Edmonton Real Estate. Protect your largest investment and go with a team you can trust.