March 2012 Edmonton Real Estate Market

The prices have climbed in the Edmonton real estate market in March in two out of the three categories.  

• Single Family $380,083 up from $375,268 in February
• Condo $231,629 down from $234,973 in February
• Duplex/Rowhouse $319,020 up from $306,491 in February

The number of sales in March was very average, almost identical to the previous 4 year average of 1522 properties sold.

March sales numbers

• Mar 2012 1533
• Mar 2011 1503
• Mar 2010 1667
• Mar 2009 1358
• Mar 2008 1559

Last 4 years average = 1522
 

The number of properties for sale in the Metro Edmonton market has grown, which it always does in the spring.  The current level of inventory sits just under 7000 properties. 

Listing Inventory

• Mar 2012 6851 
• Mar 2011 6885
• Mar 2010 6770
• Mar 2009 7476
• Mar 2008 9464

To sum up, the market is strong as can be seen in the price increases.  We are seeing traditional sales numbers.  The inventory has grown by roughly 875 over February 2012, and is also at traditional March levels, very similar to 2010 and 2011.