Royal LePage’s housing price survey for the first part of 2021 shows the average price of a home in Edmonton increased five per cent from last year to $379,461.
Tom Shearer, a broker and owner with Royal LePage Noralta Real Estate, said the Edmonton market has been busy but there have been some issues with inventory.
I don’t think demand has been satisfied yet from last year, let alone what’s going to come this year.
Shearer said now is a good time to sell property that may have been difficult to move previously.
According to the survey, the price of a two-storey home increased 4.1 per cent to $443,460 since the start of the year while a bungalow jumped up by 8.7 per cent to $366,1010.
“Most transactions are still securing a home inspection or a financial condition,” he said.
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