Edmonton Real Estate: Sales Up, Inventory Down in Busy October
Posted by Sara MacLennan on
The Greater Edmonton real estate market continued its hot streak in October, with sales up significantly and inventory dropping compared to last year. According to data from the REALTORS® Association of Edmonton, home sales in the Greater Edmonton area increased 23% year-over-year, with 1812 properties sold last month. This high sales volume comes even as the number of active listings fell 12% to 6254 properties on the market in October.
The combination of strong demand and shrinking supply has kept conditions in favour of sellers in Edmonton. Homes are still often selling with multiple offers, albeit not necessarily the frenzied bidding wars seen in the past. Our agents reported many properties received two offers and sold near the asking price in…
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