First Quarter Housing Prices Hover Around $350,000
The Realtors Association of Edmonton just released the housing market statistics for March. The price of the average single family home is hovering around $350,000 with little change in the last three months.
According to Charlie Ponde, President of the Realtors Association, "with price stability, low interest rates, spring weather and pent-up demand, it appears that Realtors are starting to get busy again". I agree with Charlie, the market does seem busier in the last few weeks. Five year closed mortgage rates are hovering around 4%, we may not see rates this low for a long time. Why wait when, NOW is a good time to get out there and buy real estate?
Read the full statistics article HERE.