Good day... it is a beautiful winter day here in Edmonton.
Currently we have 5477 active listings in Edmonton as of this morning. In the last 30 days we have had 903 sales. This give us a listing to sales ratio of 6.07/1. With a ratio that high I would expect prices to continue to drop. A ratio of around 4/1 is required for a stable or neutral market, and a ratio lower than that for prices to start to rise again.
So if you are thinking of selling you might want to do it sooner than later so that you don't end up having to sell at a lower price than you can get today.
To view and search all MLS listed homes visit us at: http://www.teamleadingedge.ca/
Did you know that you can find the value of your house by visiting our website: http://www.teamleadingedge.ca/
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