Edinburgh Real Estate Market Extends Weakening in Home Sales

The Edinburgh market continues to experience a determined weakening, but sales managed an uptick this week of 100.0% to two homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. At the same time that sales trended lower, months of inventory fell to 10, its lowest point since July. Edinburgh is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of such a large amount of remaining inventory.

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Demographic facts about Edinburgh:

  • The population density is 1,440.8 people per square mile.
  • This area has a lifestyle rating of 45. (Scale: 1 = Worst, 100 = Best)
  • 72.5% of the residents travel to work in an automobile, 15.1% via carpool, and 0.1% by way of public transit.

Data reported through 10/12/2016

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