Slower Market Beginning to Take a Turne
Friday, July 3rd, 20158.5×11 YEG June 2015 information about statistic in edmonton and area for june of 2015
Edmonton, July 3, 2015: For the first time in 2015 we recorded an increase in year-over-year reported sales for the month. June 2015 had 2,008 reported sales for all residential properties, 2.4% over the 1,961 all residential sales reported in June 2014.
This number includes 1,243 single family dwellings (2.1% more than 2014), 572 condo sales (1.6% more than from 2014) and 156 duplex/rowhouses (11.4% more than 2014). Sales were also up 13% in June from the reported sales in May 2015.
Single family prices were up 2% year-over-year at $444,862 for June 2015. Condo prices continue to remain static at $255,662. Duplex/rowhouse are still popular and have seen price growth of 2% year over year.
June prices have dropped slightly from May by 1.4% for single family, 0.1% for Condo and 0.8% for all residential.
Inventory is still healthy at 7,177 for the Edmonton. at the end of June 2015, down from 7,303 in May. All residential listings were up year over year by 7.7% but down month over month from May by 3.6%. There is currently just over three and half months’ supply of inventory in the Edmonton.
Average days on market for all residential properties was up again this month at 49. Single family average days on market was up to 46 from 43 in May, Condominiums were averaging 52 days compared to 49 in May, and Duplex/Rowhouse took an average of 50 days to sell in June.
