January 2009 Market Activity

According to the recent market activity article released by the Realtors Association of Edmonton, January was a better month than December. The article states that 730 properties sold in January compared to 608 in December of 2008. Prices were up as well, the average price of a single family home increased a quarter of a percent to $352,689. Condo prices increased by 1.8% to $238,535 and duplex/rowhouses also increased to $299,222 (an increase of 2.2%).

According to the article listing activity also showed an increase over the previous month. Does this spell an end to the price decreases of recent months? Guess we'll have to wait for February's stats to be released before any predictions can be made.

Read the entire market activity report HERE!