Laurel Hamm Mills
Edmonton Market Report Infographics
Infographics: November 2024 RAE Edmonton Market Reports
Winter cooling effect takes hold of Greater Edmonton property market
There were a total of 1,920 residential unit sales in the Greater Edmonton Area (GEA) real estate market during November 2024, a 22.8% decrease from October 2024 and 18.4% higher than November 2023. New residential listings amounted to 2,114, down 27.9% from October 2024 and up 1.4% from November 2023. Overall inventory in the GEA decreased 12.1% month-over-month and 17.3% year-over-year.
The total number of Detached unit sales was 1,138, a decrease of 20.5% over the previous month but 23.6% higher than the previous year. Semi-detached unit sales decreased 27.8% month-over-month while remaining 18.0% higher year-over-year. Row/Townhouse unit sales decreased 23.2% compared to October 2024 and recorded 18.0% more sales than in November 2023. Apartment Condominium unit sales are still 3.1% higher than the previous year but slowed 27.3% since October 2024.
Total residential average prices came in at $436,401, a 0.9% decrease from October 2024, but reflected an overall increase of 14.7% compared to November 2023. Detached homes averaged $540,320, a 2.3% decrease from October 2024, and coming in 12.8% higher than the previous year. Semi-detached units sold for an average of $411,469, increasing 1.1% from the previous month and up 13.3% year-over-year. Row/townhouse prices fell 6.4% from October 2024 but are still 6.0% higher than November 2023 with an average selling price of $288,176. Apartment Condominium average prices rose 4.5% from October 2024 to $200,266, ending the month of November 17.0% higher than the previous year.
Read the full report on RAE website!
The following data is a comparison between November 2024 and November 2023 numbers, and is current as of December 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – November 2024 RAE, Edmonton Report
Infographics: October 2024 RAE Edmonton Market Reports
Interest Rate Impacts Adding Pressure to Edmonton Market
There were a total of 2,489 residential unit sales in the Greater Edmonton Area (GEA) real estate market during October 2024, a 10.5% increase from September 2024 and 38.5% higher than October 2023. New residential listings amounted to 2,934, down 8.7% from September 2024 and up 9.2% higher from October 2023. Overall inventory in the GEA decreased 10.1% month-over-month and sits 17.4% lower year-over-year.
The total number of Detached unit sales was 1,431, an increase of 10.2% over the previous month and 37.2% over the previous year. Semi-detached unit sales increased 11.4% month-over-month and 38.6% year-over-year. Row/Townhouse unit sales increased 6.7% compared to September 2024 and had 38.0% more sales than October 2023. Apartment Condominium unit sales were 43.6% higher than the previous year and 13.9% higher than September 2024.
Total residential average prices came in at $440,089, a 0.1% decrease from September 2024, but reflecting an overall increase of 11.1% compared to October 2023. Detached homes averaged $552,954, showing no change from September 2024 but still 13.6% higher than the previous year. Semi-detached units sold for an average of $407,006, decreasing 1.5% from the previous month and up 5.6% year-over-year. Row/townhouse prices rose 4.9% from September 2024 and sit 19.0% higher than October 2023 with an average selling price of $307,854. Apartment Condominium average prices dropped 4.1% from September 2024 to $191,413, ending the month of October 6.0% lower than the previous year.
Read the full report on RAE website!
The following data is a comparison between October 2024 and October2023 numbers, and is current as of November 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – October 2024 RAE, Edmonton Report
Infographics: September 2024 RAE Edmonton Market Reports
Predictable real estate patterns unaffected by interest rate changes
There were a total of 2,256 residential unit sales in the Greater Edmonton Area (GEA) real estate market during September 2024, a 12.6% decrease from August 2024, but still 10.0% higher than September 2023. New residential listings amounted to 3,215, down 4.6% from August 2024, and up 6.4% higher from September 2023. Overall inventory in the GEA decreased 1.7% month-over-month and 12.1% year-over-year.
The total number of Detached unit sales was 1,299, a decrease of 11.1% over the previous month but still 8.2% higher than the previous year. Semi-detached unit sales decreased 15.8% month-over-month and showed an increase of 12.9% year-over-year. Row/Townhouse unit sales decreased 15.4% compared to August 2024 and sold 25.9% more than September 2023. Apartment Condominium unit sales were still 2.2% higher than the previous year but were down 12.6% from August 2024.
Total residential average prices came in at $440,366, a 1.2% increase from August 2024, and a 11.7% increase from September 2023. Detached homes averaged $552,684, increasing 1.3% from August 2024 and up from the previous year by 11.9%. Semi-detached units sold for an average of $413,252, decreasing 0.3% from the previous month, and up 16.8% year-over-year. Row/townhouse prices rose 0.7% from August 2024 and are sitting 9.6% higher than September 2023 with an average selling price of $292,875. Apartment Condominium average prices dropped 2.3% in August 2024 to $199,564, ending the month of September 9.6% higher than the previous year.
Read the full report on RAE website!
The following data is a comparison between September 2024 and September 2023 numbers, and is current as of October 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – September 2024 RAE, Edmonton Report
Infographics: August 2024 RAE Edmonton Market Reports
No slump in Edmonton’s property market as numbers begin to cool
There were a total of 2,591 residential unit sales in the Greater Edmonton Area (GEA) real estate market during August 2024, an 11.8% decrease from July 2024, but still 15.8% higher than August 2023. New residential listings amounted to 3,467, down 7.0% from July 2024, and up 7.7% higher from August 2023. Overall inventory in the GEA decreased 1.2% month-over-month and is tracking 13.8% lower than August 2023.
The total number of Detached unit sales was 1,468, a decrease of 14.1% over the previous month but showing an increase of 12.5% over the previous year. Semi-detached unit sales decreased 7.0% month-over-month and showed an increase of 18.8% year-over-year. Row/Townhouse unit sales decreased 3.5% compared to July 2024 and sold 19.2% more than August 2023. Apartment Condominium unit sales were still 22.6% higher than the previous year but were down 14.5% from July 2024.
Total residential average prices came in at $435,094, a 1.2% decrease from July 2024, and a 9.1% increase from August 2023. Detached homes averaged $546,101, decreasing 1.1% from July 2024 and up from the previous year by 10.2%. Semi-detached units sold for an average of $414,526, increasing 1.9% from the previous month, and up 10.9% year-over-year. Row/townhouse prices fell 0.5% from July 2024 but are sitting 14.7% higher than August 2023 with an average selling price of $290,569. Apartment Condominium average prices dropped slightly to $203,742, a 0.3% decrease over last month and coming in 5.1% higher than the previous year.
Read the full report on RAE website!
The following data is a comparison between August 2024 and August 2023 numbers, and is current as of September 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – August 2024 RAE, Edmonton Report
Infographics: July 2024 RAE Edmonton Market Reports
Edmonton’s Housing Supply Tightens as Number of Sales Sees Late Summer Rebound
There were a total of 2,941 residential unit sales in the Greater Edmonton Area (GEA) real estate market during July 2024, a 3.5% increase from June 2024, and 27.1% higher than July 2023. New residential listings amounted to 3,729, up 2.9% from June 2024, and 13.2% higher than July 2023. Overall inventory in the GEA decreased 1.4% from June 2024 and is tracking 15.1% lower than July 2023.
The total number of Detached unit sales was 1,708, an increase of 2.8% over the previous month, and 23.5% higher than the previous year. Semi-detached unit sales decreased 6.6% month-over-month and showed an increase of 13.0% year-over-year. Row/Townhouse unit sales increased 4.7% compared to June 2024 and sold 52.0% more than July 2023. Apartment Condominium unit sales were still 32.3% higher than the previous year and 11.7% higher than June 2024.
Total residential average prices came in at $440,466, a 0.4% increase from June 2024, and a 7.7% increase from July 2023. Detached homes averaged $552,031, increasing 2.3% from June 2024 and up from the previous year by 9.8%. Semi-detached units sold for an average of $406,906, decreasing 3.6% from the previous month, and up 7.4% year-over-year. Row/townhouse prices rose 0.7% from June 2024 and 10.6% from July 2023, selling at an average of $292,072. Apartment Condominium average prices hit $204,315, decreasing 3.4% over last month and coming in 4.9% higher than the previous year.
Read the full report on RAE website!
The following data is a comparison between July 2024 and July 2023 numbers, and is current as of August 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – July 2024 RAE, Edmonton Report
Infographics: June 2024 RAE Edmonton Market Reports
Home Sales Slow While Prices Remain Strong
There were a total of 2,847 residential unit sales in the Greater Edmonton Area (GEA) real estate market during June 2024, an 11.4% decrease from May 2024, but still 10.0% higher than June 2023. New residential listings amounted to 3,712, a 14.2% drop from May 2024, and 2.6% higher than June 2023. Overall inventory in the GEA increased 1.9% from May 2024, but is still 15.9% lower than June 2023.
Detached unit sales totalled 1,661, a decrease of 12.3% over the previous month, and 4.5% higher than the previous year. Semi-detached unit sales decreased 5.9% month-over-month and showed an increase of 7.4% year-over-year. Row/Townhouse unit sales also decreased 6.5% compared to May 2024 but sold 37.2% more than June 2023. Apartment Condominium unit sales were still 13.6% higher than the previous year but decreased 16.7% from May 2024.
Total residential average prices came in at $438,973, a 0.6% decrease from May 2024, and 6.6% increase from June 2023. Detached homes averaged $539,468, decreasing 1.3% from May 2024 and up from the previous year by 7.9%. Semi-detached units sold for an average of $422,321, increasing 2.0% from the previous month, and up 10.3% year-over-year. Row/townhouse prices dropped 1.5% from May 2024 and rose 12.7% from June 2023, selling at an average of $290,249. Apartment Condominium average prices hit $211,583, increasing 2.3% over last month and coming in 8.5% higher than the previous year.
Read the full report on RAE website!
The following data is a comparison between June 2024 and June 2023 numbers, and is current as of July 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – June 2024 RAE, Edmonton Report
Infographics: May 2024 RAE Edmonton Market Reports
Housing Market Activity, Prices Continue To Climb in 2024
There were a total of 3,220 residential unit sales in the Greater Edmonton Area (GEA) real estate market during May 2024, showing increases of 3.3% over April 2024, and 18.9% over May 2023. New residential listings amounted to 4,325, a number 13.4% higher than in April 2024, and 12.6% higher than May 2023. Overall inventory in the GEA increased 6.9% from April 2024, but is still 17.1% lower than May 2023.
Detached unit sales totalled 1,894, an increase of 2.4% over the previous month, and 12.5% higher than the previous year. Semi-detached unit sales increased 3.2% month-over-month and showed an increase of 19.4% year-over-year. Row/Townhouse unit sales also increased 6.1% compared to April 2024 and 21.2% compared to the previous year. Apartment Condominium unit sales also increased 45.8% over May 2023, and 4.5% over the previous month.
Total residential average prices came in at $441,350, a 2.2% increase from April 2024, and 5.0% increase from May 2023. Detached homes averaged $546,390, increasing 3.0% from April 2024 and up from the previous year by 6.8%. Semi-detached units sold for an average of $414,116, increasing 1.8% from the previous month, and up 8.4% year-over-year. Row/townhouse prices remained steady, showing no change from April 2024 but coming in 16.2% higher compared to May 2023, selling at an average of $294,742. Apartment Condominium average prices hit $206,591, increasing 2.6% over last month and coming in 6.9% higher than the previous year.
Read the full report on RAE website!
The following data is a comparison between May 2024 and May 2023 numbers, and is current as of June 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – May 2024 RAE, Edmonton Report
Infographics: April 2024 RAE Edmonton Market Reports
Housing Market Shows Strong Sales, Still Moderate Prices
There were a total of 3,128 residential unit sales in the Greater Edmonton Area (GEA) real estate market during April 2024, showing increases of 27.1% over March 2024, and 54.9% over April 2023. New residential listings amounted to 3,909, a number 11.2% higher than in March 2024, and 13.7% higher than April 2023. Overall inventory in the GEA increased 2.7% from March 2024, but is still 20.5% lower than April 2023.
Detached unit sales totalled 1,858, an increase of 27.1% over the previous month, and 51.4% higher than the previous year. Semi-detached unit sales increased 33.6% month-over-month and showed an increase of 61.7% year-over-year. Row/Townhouse unit sales also increased 13.9% compared to March 2024 and 46.4% compared to the previous year. Apartment Condominium unit sales also increased 72.5% over April 2023, and 33.2% over the previous month.
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%. Semi-detached units sold for an average of $406,674, falling 0.5% from the previous month, but up 7.4% year-over-year. 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.
Read the full report on RAE website!
The following data is a comparison between April 2024 and April 2023 numbers, and is current as of May 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – April 2024 RAE, Edmonton Report
Infographics: March 2024 RAE Edmonton Market Reports
Numbers Give Clear Indication That Spring Market Has Begun
There were a total of 2,467 residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2024, showing increases of 25.6% over February 2024, and 35.7% over March 2023. New residential listings amounted to 3,597, a number 32.4% higher than in February 2024, and 8.9% higher than March 2023. Overall inventory in the GEA increased 10.7% from February 2024, but is still 15.4% lower than March 2023.
Detached unit sales totalled 1,462, an increase of 26.1% over the previous month, and 36.8% higher than the previous year. Semi-detached unit sales increased 34.9% month-over-month and showed an increase of 43.9% year-over-year. Row/Townhouse unit sales also increased 29% compared to February 2024 and 31.4% compared to the previous year. Apartment Condominium unit sales also increased 30.8% over March 2023, and 14.9% from the previous month.
Total residential average prices came in at $420,959, a 3.4% increase from February 2024, and an 8% increase from March 2023. Detached homes averaged $517,131, increasing 1.7% from February 2024 and up from the previous year by 6.7%. Semi-detached units sold for an average of $408,555, an 11.5% increase year-over-year, and a 6.1% increase from the previous month. Row/townhouse prices were up 2.5% from February 2024 and 13.9% when compared to March 2023, selling at an average of $282,557. Apartment Condominium average prices hit $194,101, increasing 7% over last month and coming in 0.6% higher than the previous year.
Read the full report on RAE website!
The following data is a comparison between March 2024 and March 2023 numbers, and is current as of April 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – March 2024 RAE, Edmonton Report
Infographics: February 2024 RAE Edmonton Market Reports
Housing Market Heating Up for an Early Spring
There were a total of 1,966 residential unit sales in the Greater Edmonton Area (GEA) real estate market for February 2024, showing increases of 36.9% over January 2024, and 52.6% over February 2023. New residential listings amounted to 2,762, a number 27.7% higher than in January 2024, and 9.3% higher than February 2023. Overall inventory in the GEA increased 5.8% from January 2024, but is still 14.3% lower than February 2023.
Detached unit sales totalled 1,159, a number 32.5% higher than the previous month, and 60.5% higher than the previous year. Semi-detached unit sales increased 36.2% month-over-month and showed an increase of 28.0% year-over-year. Row/Townhouse unit sales also increased 44.6% compared to January 2024 and 49.2% compared to the previous year. Apartment Condominium unit sales also increased 46.7% over February 2024, and 48.0% from the previous month.
Total residential average prices came in at $407,458, a 2.3% increase from January 2024, and a 10.4% increase from February 2023. Detached homes averaged $508,411, increasing 5.2% from January 2024 and up from the previous year by 10.7%. Semi-detached units sold for an average of $385,163, a 7.7% increase year-over-year, and a 1.8% increase from the previous month. Row/townhouse prices were up 2.4% from January 2024 and 9.7% when compared to February 2023, selling at an average of $275,735. Apartment Condominium average prices hit $181,347, decreasing 5.7% over last month and coming in 3.2% lower than the previous year.
Read the full report on RAE website!
The following data is a comparison between February 2024 and February 2023 numbers, and is current as of March 2024. For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton infographics.
Download Printable Version – February 2024 RAE, Edmonton Report
