Edmonton Real Estate Market Statistics - A Year in Review
In 2018, the number of Properties on the market was 33,191 which was up by 1132 homes from the prevous year. Single family detached house sales were up by almost 8%, while duplexes, townhomes and condominium home sales were down both in the numbers of units sold and down in prices. It was a great year for first time buyers to enter into the Edmonton real estate market.
There were 15,519 homes sold compared to last year at 16,435 properties sold. A 6% total decrease in residential sales which was due to Alberta economic factors, new mortgage qualifing rates and the lack of consumer confidence. Compared with 2017, the average sold price of a home had an increase of only 1% to $360,685.