Saw a report that Edmonton's average condo price dropped 4.5% last quarter

I was reading the latest market update from the Realtors Association of Edmonton. It said the average condo price in the city fell to $205,000 from the previous quarter. Is this a good time to buy a condo as an investment, or should I wait longer?

2 comments

2 Comments

lily3602d ago

That report misses how many condos are selling for way under that average price.

dakota_singh392d ago

Yeah, lily360 has a point... averages can really hide what's going on. Saw a unit in my own building go for almost 100k under the listed average last month. Makes you wonder what else that report is smoothing over.