RESIDENTIAL STATISTICS CITY OF EDMONTON APRIL 2021

RESIDENTIAL STATISTICS CITY OF EDMONTON APRIL 2021

The REALTORS® Association of Edmonton has released the April 2021 Residential Statistics – City of Edmonton. Another strong month for home sales in Edmonton. Residential home sales up 1420 homes over April of 2020. Average home sales price up 8.8% from April of 2020 and up $31,997 from year to date over 2020. Average days on market has dropped from 62 days to 39 year to date.

We have seen a large jump in new listings for the month of April up 1868 over last year.

The biggest jump in home sales is the selling price of single family homes up 11.4% from last year, averaging out to $470,093. Duplexes and row housing prices are up 4.6% to $357,232. Finally Condo sales are up slightly by 1.6% to an average of $222,233.

The rates on home loans are being nudged higher by a rising interest rate, on Canadian five-year government bonds. Several of Canada’s major banks hiked their fixed-rate mortgage rate. As a result, the rates most borrowers pay are now higher by as much as .25% on loans with five-year terms. There are expectations rates will continue to rise, so homebuyers and homeowners may need to move fast to lock in the best rate. If you’re looking to purchase a home, try to lock a low rate now because you’ll be able to hold onto it for up to 120 days.

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Residential Statistics City of Edmonton

2021 vs 2020 RESIDENTIAL STATISTICS – CITY OF EDMONTON. Home sales statistics. Left Column April 2021 Numbers, Right Column April 2020