As of February 4, 2018 The Edmonton Real Estate Market Continues To Be A Strong Buyers Market!
We are not heading into the second month of 2018, and all indications are showing that we are continuing to be in a strong buyer’s market. How strong of a buyer’s market we are in is very dependent on which price range we are looking at.
As of Feb 04, 2018 there are 2,626 single-family homes for sale. In the previous 30 days there were 420 single-family homes sold. That would give us a listings to sales ration also know as absorption rate of 6.25:1. That is significantly higher than a ratio of 4.00:1 we need for a balance or neutral market.
But you will notice in the data below that dependent of the price range the listings to sales ratio ranges from a low of 4.47:1 to a high of 11.00:1
If you are considering buying you should consider looking a buying now before these ratios change more favourably towards the seller market when it will become more difficult to negotiate the best deal possible.
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Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
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