Edmonton Real Estate Stats - August 2019
Following several months of year-over-year gains, August sales eased in the region, keeping year-to-date sales just below typical levels of activity. While resale demand remains slightly lower than long term trends, the number of new listings continue to ease, causing inventories to ease and supporting some adjustments in the amount of excess supply in the market.
While this market continues to favour the buyer, reductions in inventory are helping reduce the amount of downward pressure on prices. Overall average prices remain nearly three per cent below last years levels.