The average price of a single family detached property in the Edmonton area continued to soften in November. According to the REALTORS® Association of Edmonton, at $362,657, the average* SFD price was half a percent lower in November than it was in October. Compared to a year ago the price was down by 2.5%. November condo prices saw average price down 2% to $229,603 month-over-month and just under 3% year-over-year. Average duplex/rowhouse prices of $318,605 went up over the previous month (6%) and previous year (10.6%).
There were 1,220 residential sales on the Edmonton Multiple Listing Service® in November as compared to 1,177 in October. There was also a drop in available inventory from 7,689 to 6,982 residential units.
The sales-to-listing ratio in Edmonton and area was 66% and the average days-on-market was down from 60 to 59 days.