After bottoming out in December 2019, single-family home prices have rebounded. The benchmark price for single-family homes in the greater Edmonton area is up 5.4% from the same time last year. Homes in lower price ranges continue to move quickly, often selling with multiple offers. Fixed-rate mortgage rates are on the rise, which could spur even more activity over the next few weeks (if you're looking to buy, now is the time to get a rate hold). I'll update this post when the REALTORS Association of Edmonton releases their monthly report on the market later this week. The areas surrounding Edmonton continue to see the most sales activity. Edmonton single-family home sales were up 28% in February compared to last year, while the market as a whole was up 51%. 51%!!! I don't know if that's ever happened before. Here are all the details...

Edmonton Stats

Single-family home sales are up 28% over last February in Edmonton, and while the average price is nearly unchanged, the median price is up 7%. There has been a ton of activity in the lower price ranges as first time buyers take advantage of historically low interest rates. Posted by Liv Real Estate on
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Wow we're crushing it! Sales are insane. Must be a lot of confidence in the economy here.

Posted by Tom on Friday, March 5th, 2021 at 10:15pm

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