According to Multiple Listing Service figures released last week, the number of resale homes sold in Edmonton dropped in April by 5.9 per cent compared to the same month last year, with 1,740 residential sales as reported for April, compared to 1,849 on April 2009.

Nonetheless, prices keep climbing. The average price of a single-family dwelling was $385,359, up 8.2 per cent from April 2009.

The average sale price was $370,000, up 9.1 per cent over last year. For condominiums, the mean price for April was $253,788, up seven per cent. The ratio of sales to listings was 44 per cent in April, down from 61 per cent in 2009. Average days on market was 40 last month, down from 55 a year earlier.

Meanwhile, according to statistics released by The Canadian Real Estate Association (CREA), some 97,663 residential properties were listed for sale on the Multiple Listing Service Systems of Canadian real estate Boards in March 2010. This is an increase of 20 per cent from the previous March record set in 2008.

A total of 233,402 new listings have come on stream since the beginning of the year, more than in any other first quarter period on record.

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Tags: Edmonton, homes, Multiple Listing Service, resale