Market Update

August: Average Time to Sell

This chart shows the Average Days On Market for properties reported as sold in August 2023 in the Edmonton MLS System®.

The summer market was pretty steady, and it is looking like things are picking up for the fall as usual. But things are never as simple as the statistics or averages would seem to make them.

Is this a good time to buy or sell? If you would like to discuss your current situation, let's chat.

August: Market at a Glance

Here is a snapshot of the recent average prices in the Edmonton area based on sales reported for August 2023 in the Edmonton MLS System®.

This report shows typical month to month and year to year fluctuations, but overall we are experiencing a pretty stable real estate market.  If you need better information or would like a more detailed analysis for your home or property needs, please just ask!

July: Absorption Rate

Here is a snapshot of the listing absorption rate for Edmonton-area market for July 2023

Our summer real estate market is stable and fairly balanced between buyers and sellers. There are opportunities for moving ahead and we are still seeing competition for desirable, well priced properties.

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