Heidi Hromada

Cell: 780-982-4888 |

A Busy Time of the Year

Edmonton, May 2, 2018: In the Edmonton Census Metropolitan Area (CMA) in April 2018, month over month unit sales increased in most categories. Compared to March 2018, single family home sales increased 22.76%, condominium sales increased 12.09% and duplex/rowhouse sales increased 20.71%. When comparing year over year unit sales, single family home sales increased 7.65%, condominium sales decreased 3.06% and duplex/rowhouse sales increased 15.75%. Year over year sales for all residential properties increased 5.78%.


Inventory also increased, up 13.58% month over month and 14.85% year over year. Total new listings in April was 3,470, up 0.32% relative to March 2018 and up 10.97% compared to April 2017. In total, there were 1,555 MLS® System listed properties sold, which is an increase of 20.17% compared to March 2018 and an increase of 5.78% in April 2017.


“We are in the busiest season for real estate in Edmonton, so sales is consistent with seasonal market trends,” says Darcy Torhjelm, REALTORS® Association of Edmonton Chair.


The all residential average price was $369,258, down 1.34% compared to March 2018 and down 2.48% relative to April 2017. The average price of a single family home was $429,116, a decrease of 3.37% month over month and a decrease of 2.39% year over year. Condominium average prices increased 5.63% compared to March 2018 and decreased 4.51% relative to April 2017. Duplex/rowhouse average prices decreased 7.33% month over month and decreased 9.48% year over year.


Average days on market for all residential properties decreased to 57 days, one day shorter than in March 2018 but two days longer compared to April 2017. For single family homes, the average days on market was 52, up from 51 in March 2018 and up from 48 in April 2017. Condominium average days on market was 66, down from 72 the previous month, and up from 60 in April 2017. For duplex/rowhouses, the average days on market was 59, up from 57 in March 2018 and down from 64 in April 2017.


“More sellers are entering the market and are motivated to move their properties before the summer months, which provides the best selection of properties for buyers who are actively looking and taking advantage of the increased number of listings,” says Torhjelm. “It’s a great time to speak to a REALTOR® for professional advice on navigating the buying and selling process.”


MLS® System Activity

(for all-residential sales in Edmonton CMA1)

April 2018

M/M % Change

Y/Y % Change

SFD2 average3 selling price – month

$429,116

-3.37%

-2.39%

SFD median4 selling price – month

$399,000

1.27%

-0.25%

Condominium average selling price

$247,405

5.63%

-4.51%

Condominium median selling price

$227,250

5.70%

-5.29%

All-residential5 average selling price

$369,258

-1.34%

-2.48%

All-residential median selling price

$350,000

0.03%

-1.82%

# residential listings this month

3,470

0.32%

10.97%

# residential sales this month

1,555

page2image2009527952

20.17%

page2image2009530944

5.78%

page2image2009533584 page2image2009534064
page2image2009538320

# residential inventory at month end

8,788

page2image2011619760

10.36%

page2image2011624288

14.85%

page2image2011627248 page2image2011627792

# Total6 MLS® System sales this month

1,959

18.37%

3.98%

$ Value Total residential sales this month

638,681,304

page2image2011644864

17.31%

page2image2010995856

1.90%

page2image2010999104 page2image2010999968 page2image2011001344 page2image2011001872

$ Value of total MLS® System sales – month

page2image2011651200

726,891,372

page2image2011655280

19.62%

1.13%

$ Value of total MLS® System sales - YTD

page2image2011668672

2,218,097,878

48.62%

page2image2011660448

-4.11%

page2image2011679568 page2image2011680176


1 Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)

2 Single Family Dwelling
3 Average: The total value of sales in a category divided by the number of properties sold
4 Median: The middle figure in an ordered list of all sales prices

5 Residential includes SFD, condos and duplex/row houses

6 Includes residential, rural and commercial sales


Average prices indicate market trends only. They do not reflect actual changes for a particular property, which may vary from house to house and area to area. Sales are compared to the month end reports from the prior period and do not reflect late reported sales.The RAE trading area includes communities beyond the CMA (Census Metropolitan Area) and therefore average and median prices may include sold properties outside the CMA. For information on a specific area, contact your local REALTOR®.

Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.