THE SPRING MARKET IS HOT!! MARCH 2021 Stats

Dated: April 14 2021

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NOW is the time to SELL!!  The total residential unit sales in the Greater Edmonton Area for March 2021 has seen an increase of 109.9% compared to March 2020 and increased 52.8% from the previous month of February 2021.  The number of new residential listings is up 51.6% from March 2020.  New residential listings are also up from February 2021 increasing 55.7%.  Overall inventory fell 13.4% from March of last year.

For March 2021, single family homes sales are up a whopping 118.2% from March 2020 and up 53.5% from February!  Condo unit sales increased 79.6% from March 2020 and increased 51.9% from last month, February 2021.

Another increase is the residential average prices.  They are up to $391,219, a 13.7% increase since March 2020 and up 3.5% from last month.  Single family homes sold for a average of $457,936, a 13.3% increase from March 2020 and 4.6% increase from February. Condos sold an average of $229,690 with an increase of 5.2% but down 0.5% compared to last month.  

The average for single family homes on the market was 37 days, a 17 day decrease from March of last year.  Condos averaged 53 days on market, a 13 day decrease over last year. 

So basically this is the TIME TO SELL!!  The Spring Market is HOT!!  If you are thinking of selling and would like a CMA done, please feel free to contact me or the brokerage anytime. 

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Shirley Williams

Shirley is a local real estate expert and has won the TOP 5% MLS MEDALLION SALES AWARD 2009 EREB AND #1 TOP PRODUCER OF THE YEAR....

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