The local real estate market is humming along at a steady rate with home prices remaining relatively stable for single-family dwellings in both St. Albert and Morinville.
“Prices for May are slightly less than they were last year, but up significantly from January,” said Jon Hall, communications manager for the Edmonton Real Estate Board.
Hall agreed it’s not unusual and is in fact a normal market trend for houses to rise in price through the first six months of every calendar year. He also stressed there are enough positive signs of an improving economy to provide an optimistic outlook for the re-sale housing market.
“The market is fairly stable with a slight upward trend and no wild swings in prices. There is nothing in the local market causing those swings and on the future horizon there is optimism with companies such as Ledcor, which just announced last week it’s hiring 9,000 people,” he said.