Market Update

Absorption Rate

Here is a recent snapshot of the listing absorption rate for Edmonton-area market.

Recent market cooling has moved us into a more balanced market in detached family homes, but a we are still in a bit of a buyer's market for apartment condominiums.

I find that it's best to take statistics with a grain of salt. Call me for better information with respect to your specific situation.

Market at a Glance

Here is a snapshot of the recent average prices in the Edmonton area based on sales reported in the Edmonton MLS System®.

Our market has slowed, and average prices are softer, particularly for condominiums, since the busy spring market.

If you would like a more detailed analysis for your home and area, just ask!

Average Time to Sell

This chart shows the Average Days On Market for properties recently reported as sold in the Edmonton MLS System®.

Things are never as simple as the statistics or averages would seem to make them, but generally the average time to sell has risen for all property types heading into the fall market..

If you'd like to discuss your current situation, let's chat.