Edmonton Real Estate sales in April are almost always higher than in March, but this year it appears as though the market has peaked quite early. Many buyers moved their purchase decisions earlier in the year as interest rates are on the rise. Meanwhile, listings are pouring on the market, no doubt fueled by rising prices, but this rising inventory is what will keep prices in check in the coming months. I will update this post later this week, when the REALTORS® Association of Edmonton releases their monthly report on the real estate market.
1343 single-family homes were reported sold in Edmonton in April, up 14% from last year but down 17% from last month. The average price of a single-family home in Edmonton has reached a new all-time high - based on sales reported in April, the average price of single-family homes is now $500,869.
Posted by Liv Real Estate on