Courtesy of Adrian Michelutti

Housing Market Shows Strong Sales, Still Moderate Prices

$200,968 apt./ condo UP 3.7% year-to-year

$529,957 detached UP 5.8% year-to-year

AVERAGE SALE PRICES

$294,417 row/ townhouse UP 12.5% year-to-year

3,909 NEW LISTINGS 3,128 SOLD LISTINGS

detached 2,275 791 detached 1,858 514

apt./ condo

apt./ condo

1.7 MONTHS OF INVENTORY

80.0% SALES TO NEW LISTING RATIO

36 DAYS ON MARKET

5,464 ACTIVE LISTINGS

Edmonton, May 2, 2024: There were a total of 3,128 residential unit sales in the Greater Edmonton Area (GEA) real estate market during April 2024. New residential listings amounted to 3,909. Total residential average prices came in at $431,387, a 2.5% increase from March 2024, and 5.4% increase from April 2023. Detached homes averaged $529,957, increasing 2.5% from March 2024 and up from the previous year by 5.8%. Row/townhouse prices were up 4.2% from March 2024 and 12.5% when compared to April 2023, selling at an average of $294,417. Apartment Condominium average prices hit $200,968, increasing 3.5% over last month and coming in 3.7% higher than the previous year.

“Sales continue to outpace last year’s numbers with generous margins,” says REALTORS ® Association of Edmonton 2024 Board Chair Melanie Boles. “Sellers are doing their best to hold up their end, adding 8.7% more new listings to the market last month, and hopefully we’ll see even more homes up for sale now that prices are steadily rising.” Overall, all residential listings averaged 36 days on the market. Statistics reflect market activity in April 2024 | Source: REALTORS ® Association of Edmonton | Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Direct: 587.340.6338 Email: adrian@adriansells.ca

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