“2017 has started strong, with an increase in year over year unit sales and prices remaining stable,” said James Mabey, Realtors Association of Edmonton Chair. “While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”
Prices were higher for condos and duplex/rowhouses, both categories rising by around 8 per cent; while detached home prices eased by 0.49 per cent to an average $416,859.
More market update:
There was a 19.4 per cent rise in home sales in Calgary in January year-over-year and a 3 per cent increase from December.