Edmonton Home Price Drop Explained

Posted by Pelletier Bros on Wednesday, November 28th, 2018 at 12:46pm.

Uncertainty over job stability in the oil and gas sector together with an oversupply of residential homes has caused a drop in pricing - we need to get the available properties pool down to a 5 to 6 month inventory not a 7 to 8 month supply.  

 October 2018 Statistics

The hottest housing markets occur with a 2- 4 month availability of product, the Seller should be watching for this trend before listing their property.

Supply

 

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