July 2021 Greater Edmonton Area Real Estate Activity

As is typical when we move into the summer season the hot weather of July brought a bit of a cooling in the overall sales when compared to June 2021.

“The Edmonton market in July saw a balance in residential unit sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “The year-over-year residential unit sales were only slightly higher than July of last year, while we have started to see the monthly activity cool as we get later into the summer season. Pricing has also begun to balance – with nominal year-over-year increases and little change in month-over-month figures. We are still witnessing a strong market, with some balanced activity for July.”

Expect August to follow this more balanced trend before we move into what should be a bit of a boost when school returns. In the meantime, enjoy this wonderful summer month and GO ELKS!!