Edmonton home sales up 25 per cent

Home sales jumped by a quarter in Edmonton last month but were down almost 3 per cent compared to May 2016.

Realtors Association of Edmonton reported that average prices remain subdued with single-family homes up just 0.26 per cent year-over-year to $440,907 with decreases for condos (down 0.67 per cent to $250,818) and duplexes/rowhouses (down 1.52 per cent to $344,406).

“We are in the middle of our busiest season for real estate,” says James Mabey, Realtors Association of Edmonton Chair. “More sellers are entering the market and are motivated to move their properties before the summer months, which provides the best selection of properties for buyers who are actively looking and taking advantage of the increased number of listings typical for this time of year.”

New listings were up 15 per cent while active inventory was 4.3 per cent higher than May 2016.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release

Poll

Do you invest in commercial properties?