Edmonton sales slip but prices are up

Edmonton’s property market is holding up amid the economic downturn from the oil price slump. Although sales dropped in the year to March 2016, down to 1,364 from 1,453 a year earlier; prices edged slightly higher in the month to an average $379,524, up almost 2 per cent in a year. Prices were down around 1 per cent for the first quarter of 2016 compared to the same period a year ago.

Homes for sale rose by 23 per cent in the year to March 2016 with 7,294 listed. However, the overall picture shows that Edmonton is not suffering the level of downturn in its property market that some other Albertan markets are.

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