Flexletter Statistics Sample

Low inventory sets stage for continued seller’s market

$203,920 apt./ condo UP 19.8% year-to-year

$540,232 detached UP 10.6% year-to-year

AVERAGE SALE PRICES

$292,640 row/ townhouse UP 12.3% year-to-year

1,366 NEW LISTINGS 1,428 SOLD LISTINGS

detached 766 277 detached 826 221 apt./ condo apt./ condo

104.5% SALES TO NEW LISTING RATIO

44 DAYS ON MARKET

2.4 MONTHS OF INVENTORY

3,491 ACTIVE LISTINGS

Edmonton, January 3, 2025: There were a total of 1,428 residential unit sales in the Greater Edmonton Area (GEA) real estate market during December 2024, a 25.4% decrease from November 2024 and 17.2% higher than December 2023. New residential listings amounted to 1,367. Total residential average prices came in at $435,549, reporting no change from the previous month, but reflected an overall increase of 12.2% compared to December 2023. Detached homes averaged $540,232, with no change from November 2024, and coming in 10.6% higher than the previous year. Apartment Condominium average prices rose 1.8% from

November 2024 to $203,920, ending the month of December 19.8% higher than the previous year. “It’s no surprise that we saw a decrease in the number of total residential new listings and unit sales month-over-month,” says REALTORS ® Association of Edmonton 2024 Board Chair Melanie Boles. “Despite this typical cooling off period of the market, we’re still feeling encouraged about the year ahead as average prices and unit sales were still ahead from this time last year.” Overall, all residential listings averaged 44 days on the market. Statistics reflect market activity in December 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.

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