August has cooled down significantly in terms of the real estate market. Here is a quick look at some of the numbers for the month!
Home Prices
The average all-residential selling price for the month was $371,000, which is 7.0% less than last month. The year-over-year price dipped 3.3%.
Sales and Inventory
Real estate sales took nearly 1 13% decline compared to August of last year, clocking it at around 1,249. By the end of August, the inventory was at 6,322, about 17.7% less than last year.
Conclusion
August showed a consistent decline in multiple areas of the Edmonton real estate market.
Data provided by REALTORS® Association of Edmonton. For more information, visit their website.
