Edmonton Real Estate Stats - November 2019
November sales eased by nearly four per cent compared to the previous year making it one of the weakest Novembers since 2012. Despite the pullback, year-to-date sales remain relatively consistent with last year’s level. Edmonton has recently struggled with some job loss likely impacting confidence and ultimately sales activity.
At the same time, new listings continue to ease relative to sales, helping support reductions in inventories and modest improvements in the months of supply compared to the same time last year. Despite the adjustments, the market remains oversupplied and prices continue to ease.