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Edmonton Real Estate Board November 2011 Market Analysis


Here is the latest news release on the Edmonton real estate market from the REALTORS® Association of Edmonton.
 
REALTORS® Association sees stable market with few surprises

Edmonton, December 5, 2011: There were no surprises in the month-end Multiple Listing Service® sales figures for the month of November released by the REALTORS® Association of Edmonton today. The all-residential average* sales price of $321,135 was up less than one percent from last month and last November. Single family detached homes sold on average for $365,734 which is marginally higher than last November and last month. Condominium average price ($227,901) was up 2.3% month-over-month (from $222,778) but down 0.6% from a year ago (from $229,337).
“Prices will vary from neighbourhood to neighbourhood and from property to property,” said REALTORS® Association of Edmonton President Chris Mooney. “But generally your home would have sold last month for about the same amount as it did last year. There was a slight decrease in sales activity compared to last year but listings also decreased reducing the inventory to the level it was at in February.”
Residential listings = 1,800 with sales = 1,084 Total MLS® listings = 2,239 with sales = 1,236 Residential inventory ... more

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