Courtesy of Kathy Sharp

Home Sales Slow While Prices Remain Strong

$211,583 apt./ condo UP 8.5% year-to-year

$539,469 detached UP 7.9% year-to-year

AVERAGE SALE PRICES

$290,249 row/ townhouse UP 12.7% year-to-year

3,712 NEW LISTINGS 2,847 SOLD LISTINGS

detached 2,177 693 detached 1,661 444

apt./ condo

apt./ condo

2.1 MONTHS OF INVENTORY

5,950 ACTIVE LISTINGS

77.0% SALES TO NEW LISTING RATIO

30 DAYS ON MARKET

Edmonton, July 2, 2024: There were a total of 2,847 residential unit sales in the Greater Edmonton Area (GEA) real estate market during June 2024. New residential listings amounted to 3,712. Total residential average prices came in at $438,973, a 0.6% decrease from May 2024. Detached homes averaged $539,468, decreasing 1.3% from May 2024. Semi-detached units sold for an average of $422,321, increasing 2.0% from the previous month. Row/townhouse prices dropped 1.5% from May 2024, selling at an average of $290,249. Apartment Condominium average prices hit $211,583, increasing 2.3% over last month.

“The market as a whole is at its plateau for the season,” says REALTORS ® Association of Edmonton 2024 Board Chair Melanie Boles. “We’re likely going to see the number of sales continue to decline as we approach the end of summer, but our average prices don’t seem to be declining as much. In fact, prices actually increased in the semi-detached and condo market, which could indicate those properties are attractive to investors at the moment.” Overall, all residential listings averaged 30 days on the market. Statistics reflect market activity in June 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

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