Edmonton home sales staged a rebound last month, rising 19 per cent from the previous January, new figures from the Realtors Association of Edmonton show.
There were 738 home sales in January. The 2,185 residential listings were down 7.6 per cent from the same period last year, and the average price for all types of housing rose 4.8 per cent to $355,841.
The average single-family home sold for $416,859, virtually unchanged over the last 12 months, while the $246,727 average condo selling price was up 8.7 per cent.
“2017 has started strong, with an increase in year-over-year unit sales and prices remaining,” association chair James Mabey said in a news release.
“While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”