Spring market looking strong for Edmonton

Unit sales and average price increases in Edmonton last month bodes well for the spring market.

Edmonton Real Estate Board reported sales of 1,052 homes in February which was 5.65% Year-over-year but up 18.07% month-over-month.

On a monthly basis, single-family sales were up 22.97%, condos were up 14.17%, and duplex/rowhouses gained 21.28%. On an annual basis, single-family sales were down 4.21%, condos decreased 4.92%, and duplex/rowhouses 7.32%.

Inventory was up 10.9% m-o-m and 8.67% y-o-y while new listings were up 4.03% m-o-m and 5.92% y-o-y.

Average prices increased for all home types: single family homes to $442,206 (3.14% m-o-m/3.73% y-o-y), condos to $236,808 (4%/1.48%), and duplexes/rowhouses to $354,638 (1.73%/2.62%).

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