Edmonton Real Estate for Sale is Shifting in Favour of Sellers

Edmonton has become a popular destination for Canadian homeowners in recent years. Marked by its affordable real estate and excellent job opportunities, interprovincial migrants have found Edmonton to be a great place to settle. What was once a balanced market, has now evolved into one where sellers overwhelmingly have the upper hand. This change in market dynamics has come as a result of numerous factors. For instance, lack of affordable housing in other provinces and increased demand. To help you get a better understanding of Edmonton real estate for sale, I will be providing you with a brief market update. Follow along below to learn more!

What’s New With Edmonton Real Estate for Sale?

As predicted in January, the Edmonton real estate market is now shifting from balanced conditions to those that favour sellers. Moreover, with prices steadily rising and market activity slowing down, sellers can expect to hold the majority of the power for the months to come. Throughout the remainder of the year, it is projected that the average sale price for a home will be driven up by 4% to $416,860. Additionally, it’s worth noting that the most popular housing type will be single-family detached homes. 

For those who are planning on selling their property this spring, now is a great time to make your move. With conditions increasingly partial to sellers, there is potential to make an excellent ROI. Talk with your agent today about getting your home sold this spring!

As for buyers, it will be critical to act quickly when you find a home that you love. Seller’s markets are often characterized by their low inventory and high demand. As such, it is important to know key factors like your budget and wants vs. needs before you go house hunting. This will help you make quicker decisions, and ultimately, get a better deal. 

Contact me Today!

Contact me if you have any questions about buying or selling Edmonton real estate for sale this spring. I’d be happy to help you attain your real estate goals. Be sure to check out my social media for the latest updates and more. I look forward to working with you shortly!