Seasonal Slowdown for Edmonton Real Estate has Officially Begun

Real Estate sales in Edmonton at the beginning of August were brisk – we’d projected over 1700 sales for three of our weekly reports this month.

***Post edited. Please see updated numbers. I have removed anything that is incorrect as of Sept 4/08.***

Prices have also come down – the average residential sale price was $329,206, down almost 1.8% from $335 in July (and $341 in June).

August08avgprice

New listings are definitely tailing off:

August08newlistings

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