Fall Market Brings Cooling Effect
“Fall Market Brings Cooling Effect” – The latest headline from Edmonton Real Estate Association. Single-family detached homes were up 25.8% from September 2022 but a marginal decrease in listings of 3.3% from August 2023. Detached homes averaged $493,023 (significant decrease from last month), Semi-detached sold for an average of $353,929, and row/townhouses sold at $267,100.
We’re continuing to see the trend of a higher number of sales in 2023 compared to last year but market is still slowing down as we head in to the cooler months. The Bank of Canada’s next interest rate announcement will be October 16, 2023! Let’s stay tuned to see how the market plays out.
âś… If you are interested in a free home evaluation or would like a market analysis on a potential property, call me direct at 780-777-9703!
Information gathered from the Real Estate Association of Edmonton.
Jarett Johnson Real Estate | Realty Executives Focus