Are you considering selling your home in Edmonton or Sherwood Park but wondering if it’s the right time? Let’s break down the latest real estate data and see why now could be the perfect moment to make your move.
1. Home Prices Are Climbing
According to the latest MLS Home Price Index, Edmonton home values have risen 12.3% compared to last year. This means that homeowners looking to sell can potentially maximize their return on investment.
2. More Buyers Are Entering the Market
Sales have increased 14% month-over-month, signaling that demand is growing. More buyers in the market often lead to multiple offers and stronger selling prices.
3. Homes Are Selling Faster
The average days on market (DOM) is now just 37 days, which means homes are selling quickly compared to past seasons. If you’re looking to make a move before the spring market reaches peak activity, now is the time to get ahead of the competition.
4. Spring Market = Less Competition
Historically, the spring market sees a surge in listings, meaning sellers who list now can take advantage of reduced competition and stronger demand.
What Does This Mean for You?
If you’ve been thinking about selling, now is a great time to evaluate your options. Higher home prices, increased buyer demand, and faster sales all work in your favor.
💬 Curious about your home’s value? Let’s schedule a consultation and discuss your next steps!
