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Maya Norton • 123 REALTY

YEAR OVER YEAR UNIT SALES REMAIN STEADY, WHILE AVERAGE SELLING PRICE DECREASES Edmonton, July 3, 2019 - Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of June 2019 rose 0.56% compared to June 2018. While sales were reasonably similar, the number of new residential listings dropped 18.03% from June 2018, and overall inventory in the Edmonton CMA dropped 11.68% from June of last year. Single family home unit sales increased 1.46%, while condo unit sales dropped 4.34%, and unit sales of duplexes were unchanged from the same period of time last year. Average prices decreased to $365,949, a drop of 3.71% from June 2018. Single family homes sold for an average of $423,894, a 4.45% year-over-year drop from June 2018. Condominiums sold for an average of $238,648, a 0.99% drop year-over-year. Duplexes dropped 1.61% from last year to $338,838. “The real estate industry has seen a reduction in the number of listings in June,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Prices, however, remain relatively flat across all categories of homes.” Overall, all residential listings averaged 59 days on market.

AVG. SALE PRICE SFD 1 $423,894

AVG. SALE PRICE Condo $238,648

ACTIVE LISTINGS 9,428

AVERAGE DOM 2 59

1 SFD = Single Family Dwelling 2 DOM = Days on Market Source: REALTORS® Association of Edmonton MarketvaluesstatedareoftheaverageofEdmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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