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The Edmonton resale homes market set a new June record and recorded the third-best month in MLS history.
But average prices, although also rebounding, are still down year over year, Re/Max reported Monday.
A total of 2,552 homes sold in June, up 15.8 per cent year over year.
The previous Edmonton buyers` market has become more balanced, with a slow return to more traditional inventory levels, Re/Max said.
And we can expect a more stable environment going forward.
"The frenzied climate of previous upswings will be conspicuously absent. While multiple offers have re-emerged --particularly in the $300,000 to $450,000 price point --they will continue to be the exception rather than the rule, driving sales prices close to, but not typically over, asking price."
Read the full article here.
But average prices, although also rebounding, are still down year over year, Re/Max reported Monday.
A total of 2,552 homes sold in June, up 15.8 per cent year over year.
The previous Edmonton buyers` market has become more balanced, with a slow return to more traditional inventory levels, Re/Max said.
And we can expect a more stable environment going forward.
"The frenzied climate of previous upswings will be conspicuously absent. While multiple offers have re-emerged --particularly in the $300,000 to $450,000 price point --they will continue to be the exception rather than the rule, driving sales prices close to, but not typically over, asking price."
Read the full article here.