Home Trends from Sam Wei
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Residential Unit Sales & New Listings Strong for November
AVG. SALE PRICE Single Family Dwelling $456,956
AVG. SALE PRICE Condo $226,433
ACTIVE LISTINGS 5808
DAYS ON MARKET 49
Edmonton, December 2, 2021 - Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for November 2021 increased 30.9% compared to November 2020 and decreased 2.1% from October 2021. New residential listings increased 16.1% year-over-year from November 2020. However, new residential listings are down month-over-month, decreasing 18.9% from October 2021. Overall inventory in the GEA was down 10.2% from November of last year and decreased 14.9% from October 2021. “The Edmonton market saw some strong activity in November, which is unusual for this time of year. We also saw an increase in new residential listings compared to November 2020,” says REALTORS® Association of Edmonton Chair Tom Shearer. “The year-over-year residential unit sales in the GEA were also significantly higher than November of last year, while we continue to see incremental decreases in month-to-month activity. The market continues to see activity heading into the winter months – a positive sign as we head into a new year.” 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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