Paul Blais Top Edmonton Realtor
February Market Update
Posted on Apr 7th, 2010 by Shawna
Stability Continues Through February
February sales activity for residential property sold through the Edmonton Multiple Listing Service was up dramatically when compared to both January 2010 and February 2009.
February housing sales (1184) were up 33.9% compared to January. Total residential sales were also up 7.6% from last February. 2505 Residential new listings were added during the month resulting in a month-end inventory of 5449 homes. The average days-on-market recorded as 47 for those properties finding new owners in February.
The average single-family dwelling price was $369,573 for February, up 1.4% from January and 5.6% from one year ago. Condominium prices dipped 3.8% in the month from $240,686 to $231,530. Duplex and row house prices were up 3.3% to $315,390.
The median selling price of an Edmonton and area single-family property was $335,000
"While prices remain stable through February the increase in sales activity indicates that there is a demand for housing in the Edmonton area," said the President of the REALTORS Association of Edmonton. "Listings also increased in February leading to a bigger month end inventory of homes and relaxing concerns that inventory may be too low to handle spring buying season."
Information obtained in this blog is from the EREB.
