The real estate market is continuously changing which makes it incredibly difficult to keep up with the ins and outs. If you’re not a real estate agent or are not directly linked to the industry, it can be extremely hard to know what to expect from the real estate market.
For most, the opportunity to buy or sell property comes around once in every five to ten years, which, in real estate years, is basically an eternity! So, it’s important to do market research before buying or selling your home (even if you’ve already bought or sold a home previously).
Fortunately, I’ve put together a list of things that you can expect from the 2019 real estate market!
If you are thinking of buying or selling a home in Edmonton this year, here are a couple of things to keep in mind:
- If you are looking to buy a home in the near future, 2019 is the perfect year to bite the bullet! Currently, there are a record high number of homes for sale in Alberta, which means that you can snag an amazing property for a great price.
- On the flip side, if you are planning to sell in 2019 — don’t fret! In a buyers market, making your home stand out is more important than ever. Working with an experienced real estate agent who knows the ins and outs of the real estate market can help you sell your home quickly, and for a competitive price!
- In 2019, the Canadian Real Estate Association expects that average home prices will stay stable in Edmonton. A stable market means that homebuyers and sellers won’t have to deal with any bewildering pricing surprises when buying or selling property this year.
- Currently, according to the REALTORS® Association of Edmonton, the average selling price for residential homes in Edmonton is approximately $370,000. However, this price shifts slightly depending on whether you are buying or selling a single family home, condo, or row house/duplex.
I hope this blog post helps you understand what to expect of the 2019 Edmonton housing market. Have any more questions about buying or selling your home in 2019? I’d love to chat with you!
If you’re looking for an experienced realtor to help you buy or sell a home in the Edmonton area, give me a call!
Jeneen Marchant with RE/MAX Real Estate
780-904-4240 or email at firstname.lastname@example.org to get started.