There was a spring in the step of homebuyers in Edmonton in March according to the latest stats from the region’s real estate association.
Sales were up across all three main property types compared to the previous month and a year earlier.
The Realtors Association of Edmonton reports that month-over-month, single-family detached sales increased 43.68%, condo sales were up 38.31%, and duplex/rowhouse sales gained 34.06%.
Year-over-year, the increases were 1.91% for single-family, 2.77% for condos, and 3.93% for duplex/rowhouses.
“Spring tends to see more activity in the market with this year being no exception,” says Realtors Association of Edmonton Chair Michael Brodrick.
Average unit prices rose from last month but are still down year-over-year.
- The average price of a single-family home was $427,657; an increase of 0.96% compared to March 2019 but down 0.82% compared to April 2018.
- The average price of a condo was $228,933, an increase of 7.05% from March 2019 but a decrease of 7.93% year over year.
- Prices for duplex/townhouses saw a decrease from March 2019, with the average price down 1.09% to $330,795, but a 1.87% increase relative to April 2018.
Inventory rose 8.78% higher compared to March 2019 but was down 1.78% over April 2018, while listings were up 11.14% month-over-month but down 1.92% year-over-year.