Home Trends courtesy of Bryan Mundo

Bryan Mundo | CENTURY 21 Masters

AUGUST BRINGS A BALANCE IN RESIDENTIAL UNIT SALES AND PRICING Edmonton - September 2, 2021 - Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for August 2021 increased 9.7% compared to August 2020 and decreased 6.8% from July 2021. New residential listings are up year-over-year, increasing 12.9% from August 2020. However, new residential listings are down month-over- month, decreasing 6.0% from July 2021. Overall inventory in the GEA was down 1.9% from August of last year and decreased 4.1% from July 2021. “The Edmonton market in August saw a healthy increase in new residential listings as compared to August 2020,” says REALTORS® Association of Edmonton Chair Tom Shearer. “The year- over-year residential unit sales in the GEA were higher than August of last year, while we have started to see slight decreases in the month-to- month activity. The market is starting to balance out after a very busy 18 months with pricing increasing a nominal amount year-over-year.”

AVG. SALE PRICE SFD 1 $460,963

AVG. SALE PRICE Condo $227,559

ACTIVE LISTINGS 7689

AVERAGE DOM 2 42

1 SFD = Single Family Dwelling 2 DOM = Days on Market

Source: REALTORS® Association of Edmonton Market values stated are of the average of Edmonton 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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