The three per cent drop is almost all due to slower condo sales year over year, as the number of single-family home sales are almost exactly the same as last year.
Edmonton area offers both buyers’ and sellers’ markets
There have been many projections about where real estate values will go, and so far, most have been wrong. Few, if any, projected the sellers’ market we’ve seen with shortages of homes in municipalities across the nation and multiple offers driving up prices.