{"id":20186,"date":"2022-10-11T06:00:00","date_gmt":"2022-10-11T10:00:00","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=20186"},"modified":"2022-10-07T16:57:37","modified_gmt":"2022-10-07T20:57:37","slug":"edmonton-sept-2022","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/edmonton-sept-2022\/","title":{"rendered":"Edmonton Condo Values Holding Strong Despite Sales Trending Down"},"content":{"rendered":"\n

Unlike many other Canadian cities, Edmonton<\/a> home prices have remained steady through September, despite a dip in sales across all housing categories, according to the Realtors Association of Edmonton. The average price of a home was $375,000, down just 0.7% year-over-year, while sales in the area saw a more significant decrease of 15.7% over last September.<\/p>\n\n\n\n

Declining Number of Sales is Becoming a Trend<\/h2>\n\n\n\n

The dip in sales is nothing new as Edmonton has seen the number of sales decrease consecutively\u00a0since April. In September there were a total of 1,581 residential sales, a month-over-month decline of 12.2% from August<\/a>. Single-family homes continue to be the most popular option for buyers as 894 traded hands. Edmonton buyers, like many other buyers across Canada, are more hesitant to part with their money following five interest rate hikes so far this year. The rate hikes have heightened the cost of borrowing and are a major contributor to the slowing of real estate markets. As interest rates are expected to rise again this month, it\u2019s possible this trend could continue throughout the fall.<\/p>\n\n\n\n