Edmonton Real Estate Stats - October 2019
While the improvement in sales has helped contribute to the reduction in inventory levels, overall sales for the year remain comparable to last year and are still below what is considered the norm for the city.
At the same time, new listings continue to ease. The rise in sales and reduction in new listings has helped support a reduction in inventory levels and help shift the market toward more balanced conditions. However, the market continues to favour the buyer, and this is still placing some downward pressure on prices.