Edmonton sales slump in January

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The Realtors Association of Edmonton says that sales were down by 26 per cent last month compared to a year earlier and marking a 5-year low. There were 666 properties sold and although prices have held up so far it is a buyers’ market with new listings surging by 29.5 per cent to 2,316. The association’s president Geneva Tetreault from Century 21 Vantage Realty told the Edmonton Journal that she hasn’t noticed anyone panic-selling because of the slowdown in the oil industry and says that many clients were planning to sell anyway. Read the full story.

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