Edmonton Housing and inventory up in January 2014

Posted by Gurpreet Ghatehora on Wednesday, February 12th, 2014 at 4:43pm.

Residential Home inventory on MLS® rose up to 16% in January. According to CMA over 1800 homes were on sale in January. In December only 783 home listings were available. Total inventory of 3537 (up from 3049 in December) kept prices stable in all housing categories.
Compared to December, Single family detached homes prices were down. Condominium and half duplex prices were also down.
Average days on market per listing was 61 days in January compared to 73 days in January 2013.
Low rental vacancies and the potential for higher rental are also attracting investors in to the market.
January 2014 
SFD2 average3 selling price – month $416,344
SFD median4 selling price – month $385,000
Condominium average selling price $230,463
Condominium median selling price $216,500
All-residential5 average selling price $347,847
All-residential median selling price $329,500
# residential listings this month 1,842
# residential sales this month (reported) 820
# residential inventory at month end 3,537
# Total6 MLS® System sales this month 1,095
$ Total value MLS® System residential sales - month $328 million
$ Total value MLS® System sales – month $392 million
$ Total value MLS® System sales – YTD $392 million

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