Courtesy of Kathy Sharp

Predictable real estate patterns unaffected by interest rate changes.

$199,564 apt./ condo UP 9.6% year-to-year

$552,684 detached UP 11.9% year-to-year

AVERAGE SALE PRICES

$292,875 row/ townhouse

3,215 NEW LISTINGS 2,256 SOLD LISTINGS

detached 1,907 584 detached 1,299 367

UP 9.6% year-to-year

apt./ condo

apt./ condo

2.5 MONTHS OF INVENTORY

5,701 ACTIVE LISTINGS

70% SALES TO NEW LISTING RATIO

38 DAYS ON MARKET

Edmonton, October 2, 2024: There were a total of 2,256 residential unit sales in the Greater Edmonton Area (GEA) real estate market during September 2024. New residential listings amounted to 3,215. Total residential average prices came in at $440,366, an 11.7% increase from September 2023. Detached homes averaged $552,684, up from the previous year by 11.9%. Row/townhouse prices rose 9.6% higher than September 2023 with an average selling price of $292,875. Apartment Condominium average prices ended the month of September at $199,564, 9.6% higher than the previous year.

“As the nights get longer, so do the days on market in real estate,” says REALTORS ® Association of Edmonton 2024 Board Chair Melanie Boles. “Not even cuts to interest rates can keep our market going at the hectic pace it’s been at this summer. We’re now seeing the usual slowdown, but also the continuation of elevation in home prices due to competition over lower inventory.” Overall, all residential listings averaged 38 days on the market. Statistics reflect market activity in September 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.

780.893.0917 ABR ® , MCNE ® , SRES ® , SRS ® , REALTOR ® KATHY SHARP

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2024 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.