Edmonton Real Estate Market update for June 2010 - 07/27/10 05:49 PM
We are entering the summer doldrums.  Prices have flattened out this month.  We've actually seen a fall in prices in the condo and duplex market. 
SFD $391,497 Up 0.4% from last month
CONDO $242,644   Down 2.4% from last month
DUPLEX/ROWHOUSE $306,905 Down 4.5% from last month.
The big news is the inventory has risen.  We are up to 9406 properties for sale, combine that with 1539 sales last month and that translates into a 6.1 month supply of inventory.  6 months is the borderline between a buyers and a sellers market.  So, officially we are dipping into a buyer's market.  I expect to … (0 comments)