Real Estate Market Busier Than Normal in September

Sales cooled off in September in the Greater Edmonton area but we're still well above normal. 1883 homes sold, roughly equal to last year. More listings are coming on than normal for this time of year, which has pushed us almost to a balanced market with 3.9 months of supply. Luxury sales remain strong, with one bungalow selling for almost $4million and more sales over the million-dollar mark than normal. Demand for apartment-style condos remains low, only 5% of realtor.ca users searched for apartments in the Edmonton area last month.