January 2019 Edmonton Real Estate Market Statistics
We are now a month into the new year, so let us see how the market has been doing at the start of 2019. Here are the most recent housing market updates for areas and communities under the REALTORS Association of Edmonton.
As per their latest market update, RAE residential segment has seen a decline in average prices in January 2019. Meanwhile, inventory has remained higher on average, while the average days on market are reflective of the slower winter market.
According to Edmonton REALTORS Association Chair, the real estate market is still experiencing the consequences of high inventory and slow sales. Buyers are benefiting from more choice but may be struggling with the mortgage qualification rules, while sellers will need to continue to be patient and flexible in this market.