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Edmonton Real Estate Market Update: November 20–26, 2024

Edmonton Real Estate Market Update: November 20–26, 2024

Edmonton Real Estate Market Update: November 20–26, 2024

The latest data from the REALTORS® Association of Edmonton provides valuable insights into the city's real estate market activity over the past week. Here's a snapshot of the trends:

  1. Unit Sales: There were 479 residential unit sales, reflecting a 9% increase compared to the previous week. This uptick indicates strong buyer activity, possibly driven by favorable market conditions or seasonal demand.

  2. New Listings: New residential listings totaled 466, marking a 7% decrease from the prior week. This decline could suggest a tightening inventory, which may lead to increased competition among buyers.

  3. Average Price: The average residential price rose to $429,000, a 1% increase from last week. This consistent growth highlights a steady demand for homes in Edmonton.

  4. Median Price: The median price sits at $410,000, representing a 2% decline compared to the previous week. This slight drop might indicate a shift in buyer preferences toward more affordable properties or a balanced correction in the market.

Key Takeaways:

  • The Edmonton market continues to show resilience with increasing unit sales and stable pricing.

  • The decrease in new listings may lead to a competitive environment for buyers in the coming weeks.

  • A slight decline in median prices suggests opportunities for buyers seeking affordable homes.

Overall, these trends reflect a robust market with opportunities for both buyers and sellers. If you're considering entering the Edmonton real estate market, now might be the right time to act! For personalized advice, reach out to your trusted REALTOR®.

Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.