Morinville
Real Estate Trends

Housing Market Report for October 2018

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Morinville Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Morinville Housing Inventory

Morinville Rankings
out of 18 in Greater Edmonton

Morinville vs. Greater Edmonton

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For media inquiries contact [email protected]

About this Report

Zolo's real estate market trends gives you an up-to-date look at the Morinville housing market. We've made real estate data like average house prices, housing inventory, and days on market easily accessible to you. This report's home price data examines sales history between September 27 - October 25 and includes percent changes from the same 28-day period last year. On top of all these real estate statistics is a ranking of every city in the Greater Edmonton area based on their home sold price, price growth, days on market, and turnover. This way, not only do you get an in-depth view of the Morinville housing market, but you also get to see how it stacks up against other cities. This market report was built to give you new insights on both the Morinville real estate market and the Greater Edmonton area so that you have a better idea of where you want to live. Enhance your real estate research by using Zolo's market analysis with other MLS stats, such as the MLS Home Price Index.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."