Edmonton, September 3, 2019: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of August 2019 dropped 6.38% compared to August 2018. The number of new residential listings is also down, dropping 4.73% from August 2018, and overall inventory in the Edmonton CMA fell 12.21% from August of last year.

Single family home unit sales are down 9.01%, while condo unit sales dropped 3.05%, and unit sales of duplexes fell 4.40% from the same period of time last year.

All residential average prices remained stable at $367,339, similar to August 2018, and are virtually unchanged from July 2019. Single family homes sold for an average of $434,634, a 2.24% year-over-year increase from August 2018, and a 1.14% increase from July 2019. Condominiums sold for an average of $234,480, a 5.16% drop year-over-year, but an increase of 5.19% from the previous month. Duplexes are up 7.00% from last year to $354,455, which was a 6.34% increase from the previous month.

“Edmonton real estate prices have remained relatively stable” says REALTORS® Association ofEdmonton Chair Michael Brodrick. “Single family home pricing is virtually unchanged, condos are up 5.19% from last month, while duplexes increased 7.00% year-over-year.”

Single family homes averaged 57 days on the market, a one day decrease from last year. Condos spent one day longer on the market, from 73 to 74 days, while duplexes averaged 61 days on market, a two day decrease from August 2018. Overall, all residential listings averaged 62 days on market, a 1.59% decrease year-over-year, and remained the same as the previous month.

Edmonton, August 2, 2019: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of July 2019 rose 11.49% compared to July 2018. While sales rose, the number of new residential listings dropped 10.01% from July 2018, and overall inventory in the Edmonton CMA dropped 13.58% from July of last year.

Single family home unit sales increased 17.79%, while condo unit sales dropped 0.89%, and unit sales of duplexes increased 4.42% from the same period of time last year.

All residential average prices decreased to $366,344, a drop of 1.70% from July 2018, and are virtually unchanged from June 2019. Single family homes sold for an average of $429,717, a 1.91% year-over-year drop from July 2018, but a 1.37% increase from June 2019. Condominiums sold for an average of $222,911, a 10.3% drop year-over-year, and a decrease of 6.59% from the previous month. Duplexes dropped 2.80% from last year to $333,317, which was a 1.63% decrease from the previous month.

“Edmonton real estate unit sales in July are up year over year,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Prices remain relatively flat; however, the average price of condominiums is down over 10% year over year.”

Single family homes averaged 57 days on the market, a five day increase from last year. Condos spent five days longer on the market, from 65 to 70 days, while duplexes averaged 66 days on market, a five day increase from July 2018. Overall, all residential listings averaged 62 days on market, a 8.77% increase year-over-year, and a 5.08% increase from June 2019.

Edmonton, July 3, 2019: Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of June 2019 rose 0.56% compared to June 2018. While sales were reasonably similar, the number of new residential listings dropped 18.03% from June 2018, and overall inventory in the Edmonton CMA dropped 11.68% from June of last year.

Single family home unit sales increased 1.46%, while condo unit sales dropped 4.34%, and unit sales of duplexes were unchanged from the same period of time last year.

Average prices decreased to $365,949, a drop of 3.71% from June 2018, and 0.70% from May 2019. Single family homes sold for an average of $423,894, a 4.45% year-over-year drop from June 2018, and a 1.76% decrease from May 2019. Condominiums sold for an average of $238,648, a 0.99% drop year-over-year, but an increase of 0.36% from the previous month. Duplexes dropped 1.61% from last year to $338,838, which was a 1.24% increase from the previous month.

“The real estate industry has seen a reduction in the number of listings in June,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Prices, however, remain relatively flat across all categories of homes.”

Single family homes averaged 53 days on the market, a four day increase from last year. Condos spent slightly less time on the market, from 67 to 66 days, while duplexes averaged 67 days on market, an 11 day increase from June 2018. Overall, all residential listings averaged 59 days on market, a 7.27% increase year-over-year, but a 1.67% decrease from May 2019.

Edmonton, June 4, 2019: Residential sales, new listings and year-to-date inventory have all experienced a month-over-month increase from April 2019. Total residential sales are up 17.64% from last month, and sales have also seen a year-over-year increase of 4.04% from May 2018. Sales of single-family homes have increased month over month by 16.37% and 2.64% year over year. Condo sales have increased by 15.69% since last month but have decreased by 0.42% since May of 2018. Duplex/rowhouse sales have increased by 16.22% month to month and 14.36% year over year. All residential listings have increased 7.22% from last month but have decreased by 12.17% from May of 2018.

“Month over month increases are typical at this time of year, when more people are looking to sell and buy homes,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “This year is no different, but we’ve experienced an increase in overall residential sales from May of last year.”

The average price of all residential homes has seen a month-over-month increase but has decreased since May of 2018. Since April, the average price of a single-family home rose from $427,657 to $431,484 (an increase of 0.89%). The average price of condo units rose from $228,933 to $237,802 (an increase of 3.87%), and the average unit price of duplex/rowhouses rose from $330,795 to $334,704 (an increase of 1.18%). The average sales price of all residential listings rose from $365,129 to $368,514 (an increase of 0.93%) since April, but that price has decreased by 2.99% (from $379,864 to $368,514) since May of 2018.

Average days on market for all residential listings remains unchanged from last month at 60 days; however, that number has risen from 52 days in May of 2018. The average days on market for single-family homes has decreased from 55 to 53 days since last month but has experienced a year-over-year increase from 45 days in May of 2018. Month over month, the average number of days on market for condo units has decreased from 71 to 69 days, but that number has increased from 65 days in May of last year. Days on market for duplex/rowhouse units increased month over month from 67 to 69 days and year over year from 57 days in May of 2018.

Edmonton, May 2, 2019: When compared to March 2019, unit sales across most categories increased, with single family home unit sales increasing 43.68%, condo sales increasing 38.31% and duplex/rowhouse sales increasing 34.06%. Year over year sales are up in all major categories, with single family homes sales increasing 1.91%, condo sales increasing 2.77% and duplex/rowhouses sales increasing 3.93%. Year to date sales for all residential categories were down 8.44% compared to April 2018.

Average unit prices rose from last month but are still down from April 2018. The average price of a single-family home was $427,657; an increase of 0.96% compared to March 2019 but down 0.82% compared to April 2018. The average price of a condo was $228,933, an increase of 7.05% from March 2019 but a decrease of 7.93% year over year.

Prices for duplex/townhouses saw a decrease from March 2019, with the average price down 1.09% to $330,795, but a 1.87% increase relative to April 2018.

“Spring tends to see more activity in the market with this year being no exception,” says REALTORS® Association of Edmonton Chair Michael Brodrick.

Inventory rose 8.76% higher compared to March 2019 but was down 1.78% over April 2018. Listings were also up, climbing 11.14% month over month but down 1.92% year over year.

Days on market decreased for most home types compared to March 2019. Single family homes spent an average 55 days on market, condos averaged 71 days, and duplex/rowhouses averaged 67 days.

Overall, the average days on market for all residential properties was 60, which was six days shorter than March 2019 but three days longer over April 2018.

Edmonton, March 4, 2019: When compared to January 2019, unit sales across all categories increased, with single family home sales increasing 23.31%, condo sales increasing 26.05% and duplex/rowhouse sales increasing 17.53%. Year over year sales are down in all major categories, with single family homes sales decreasing 2.73%, condo sales decreasing 6.62% and duplex/rowhouses sales decreasing 9.60%. Year to date sales for all residential categories were down 11.01% compared to February 2018.

Average unit prices rose from last month, but are down from February 2018. The average price of a single-family home was $430,000, which was an increase of 6.36% compared to January 2019 but down 2.73% compared to February 2018. The average price of a condo was $222,267, an increase of 1.64% from January 2019 but a decrease of 6.62% year over year.

Duplex/townhouses saw a small decrease from January 2019, with the average price falling 0.24% to $321,288 and a 9.60% drop relative to February 2018.

“February tends to see the start of an increase in unit sales in the real estate market following the sluggish winter months, and this year is no different,” says REALTORS® Association of Edmonton Chair Michael Brodrick. “Inventory remains high and compared to last year the market is still lagging, but we are hopeful the traditional upward trend for spring holds true this year.”

Inventory has risen 4.89% higher compared to January 2019 and 4.31% over February 2018. However, listings continue to decrease, slipping 5.64% month over month and 8.55% year over year.

Days on market decreased for all home types compared to January 2019. Single family homes spent an average 70 days on market, condos averaged 76 days, and duplex/rowhouses averaged 80 days. Overall, the average days on market for all residential properties was 73, which was 11 days shorter than January 2019 and nine days longer over February 2018.