
The increasing size of homes sold at least partially explains the stable average prices in Edmonton while sales have been dropping. While the value of most properties has declined, buyers still qualified for the same amount of money (up until the recent mortgage rule changes), and were able to buy larger properties, keeping the average sale price stable. Now that most buyers will qualify for a lower amount, the average price should start to decline, except when luxury sales spike, as they did this month.Here's our snapshot of the Greater Edmonton area Real Estate Market:





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