The average residential selling price of $310,766 was down 11.1% from January 2010. Total sales in Edmonton were at 803 in January, down 22.6% from a year earlier.
The average days on market this January was 67 days, up from 53 days in January 2010.
Weather may have been a factor, according to Realtors Association of Edmonton President Chris Mooney.
â€œPrices are up slightly (from December) but the cold weather seems to have kept buyers and sellers out of the market,â€ he said. â€œWe expect sales activity to increase along with spring temperatures, and continue all through the first two quarters.â€
Meanwhile, the Re/Max Housing Barometer Report out this week showed Edmonton house prices have risen an average of 9.25% per year since 2000, ranking second nationally behind only Regina.
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According to the Realtors Association of Edmontonâ€™s report on January, both sales volume and home prices have dropped from the same time a year ago.