Here is a recent snapshot of the listing absorption rate for Edmonton-area market.
Things have warmed up in both the weather and the real estate market. 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.
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®.
Market statistics continue to show price decreases compared to last year due to the unusual surge in prices and activity in early 2022, but the sky is not falling. If you need better information or would like a more detailed analysis for your home or property needs, please 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®.
It is looking like a 'typical' spring market for real estate with the transaction rate picking up a bit from last month, but things are never as simple as the statistics or averages would seem to make them.
If you would like to discuss your current situation, let's chat.