Peter Estephan
RE/MAX Elite
#17, 8103 - 127 Ave., Edmonton, AB
P: 780-406-4000
F: 780-406-8777

Tuesday, December 15, 2009 – Rebound to continue in Edmonton real estate market: ReMax survey

First time home buyers are expected to play a major role in the continuing rebound of Edmonton’s residential real estate market for 2010. Their continuing influence will keep the market strong into the New Year especially in the condominium sector where the affordable entry price points are particularly attractive.

Edmonton expects a 2 percent increase in the number of homes sold over 2009 at an estimated 21,000. Inventory levels are predicted to stabilize at roughly a three to four month supply. This information was released after a recent ReMax survey.

Overall home prices are also expected to increase by 3 percent by the end of 2010. Predictions are that the selling price will average $330,000 per residence.

The market is expected to be a fairly even playing field for most of the year with perhaps sellers having a slight edge.

Report Home – Mortgage Rates In Edmonton

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