Edmonton Hits Record-High Real Estate Inventory

A quick statistical insight on the Edmonton Real Estate market before the official data for June 2018 is out... As of June 26, Edmonton hit a record-high residential real estate inventory on the market (12,613 in Edmonton and Area, and 7,788 just in the City of Edmonton itself). Condos take especially long time to sell with the Inventory/Sales ratio (aka Months of Inventory) hitting values over 9.0 - deep in buyer's market.
A not so good news for the sellers, but a great news for buyers who are now looking for bargains.