Edmonton’s housing market is showing vibrant signs of life as we head into the spring season. February witnessed a remarkable increase in residential unit sales, outpacing the previous month and year with notable growth. New listings have also soared, suggesting a dynamic market eager for activity.
Detached homes are leading the charge with a significant jump in sales, while semi-detached, row houses, and condos follow suit. This upward trend extends to average prices across the board, indicating a healthy and appreciating market.
The MLS® Home Price Index composite benchmark price reflects a steady climb, aligning with the positive momentum we’re witnessing. The faster sales rate of detached homes underlines the market’s robust demand.
Our commission-free model is more relevant than ever. With homes selling quickly and at higher prices, ComFree empowers you to keep more of your hard-earned equity. We provide all the necessary tools and support for a successful sale, from MLS® exposure to professional signage and expert guidance.
In a market where every dollar counts, choosing ComFree means you avoid paying thousands in commissions. This advantage is particularly significant in the current climate, where maximizing your return on investment is crucial.
Edmonton’s real estate market is heating up, promising an exciting season ahead. Stay tuned to ComFree for the latest insights and assistance in navigating this bustling market. Now is the time to make the most of the booming Edmonton market. Choose ComFree and sell your home the smart, commission-free way.
Courtesy of Whatever Else Marketing
The Greater Edmonton Area (GEA) has witnessed a robust beginning to 2024, with substantial increases in residential sales and average prices. This promising start is indicative of a resilient market that ComFree Realty believes is worth noting for both current and prospective homeowners.
January saw a remarkable year-over-year surge in sales and prices across various property types, including detached homes and apartment condominiums, signaling a strong buyer’s interest and a potentially advantageous time for sellers.
As we approach the spring market, inventory levels will be pivotal. The current balance suggests a healthy demand, aligning with buyer needs and seller opportunities.
While days on the market have slightly increased, it remains in a favorable range, underscoring a market that’s active yet provides enough time for decision-making.
With a steady start to the year and anticipation of the spring market, ComFree Realty encourages sellers to consider listing to meet the evident demand. Buyers should stay informed on market trends to navigate the competitive landscape effectively.
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Courtesy of Whatever Else Marketing
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
* Only when the buyer comes direct, otherwise the seller may choose to negotiate a commission with the buyer’s agent.
