Housing Forcast for 2014 and December Housing sales data for Edmonton 

Edmonton, January 8, 2014: The REALTORS® Association of Edmonton released their annual housing forecast today at a seminar at the Northlands Expo Centre attended by 600 REALTORS® and business people. President Greg Steele forecast that the value of MLS® sales in 2014 will increase by about 3% for the year after sales of $8 billion in 2013. This is based on an overall increase in the number of homes sold and increased prices.

Steele expects that the sale of single family homes in Edmonton will be static, at about 10,500, but that sales in the rest of the CMA will increase by about 1,000 units. The number of sales of condo, duplex and rowhouse sales will increase by 2.5% throughout the region as these properties become the de facto entry point for first time buyers.

Prices, as usual, will fluctuate through the year but the 12-month average price for a single family detached property is anticipated...