Edmonton Real Estate Report: Week Ending December 20, 2023

The Edmonton real estate market closed the week ending December 20, 2023, with notable fluctuations in key metrics, revealing interesting trends and shifts in the local housing landscape.

Market Activity

- Unit Sales: 333 units were sold during this period, indicating a 5% increase compared to the previous week. This uptick in sales demonstrates continued activity in the market, potentially fueled by buyer interest or favorable conditions.

- New Listings: There were 342 new listings, marking a 21% decrease from the preceding week. The drop in new listings might suggest a slight slowdown in the number of homes being put on the market, which could impact inventory levels.

Pricing Trends

- Average Price: The average price of homes in Edmonton settled at $389,000, depicting a marginal 1% decrease from the prior week. Despite this slight dip, the average price remains relatively stable, reflecting a balanced market condition.

- Median Price: The median price, standing at $356,000, experienced a more pronounced decrease of 6% from the previous week. This could indicate fluctuations in the pricing of properties within different segments of the market.

Insights and Implications

The mix of increased unit sales paired with a decline in new listings might suggest a potential imbalance between supply and demand, which could impact future pricing dynamics. The reduction in new listings could contribute to a limited inventory, potentially driving competition among buyers for available properties.

The marginal fluctuations in average prices, alongside the more significant decrease in median prices, might signify a shift in the types or sizes of properties being transacted within the market. It's important to note that median prices can be more sensitive to changes in the composition of properties sold, whereas average prices might be influenced by high-end or low-end sales.

Market Outlook

As we approach the end of the year, the Edmonton real estate market seems to be displaying resilience, with consistent sales activity despite fluctuations in pricing metrics. Factors such as economic conditions, interest rates, and seasonal influences could continue to shape the market in the coming weeks.

Buyers may find opportunities amid a stable average price, while sellers might face a slightly more competitive landscape due to the decrease in new listings. Nonetheless, it's essential to consult with local real estate professionals to gain a deeper understanding of specific neighborhood dynamics and make informed decisions.

The next few weeks could provide further insights into the trajectory of the Edmonton real estate market as we head into the new year.

Disclaimer: Real estate market data is subject to change and interpretation. The information provided herein serves as a snapshot of the market at the time of reporting.

This information can help both buyers and sellers make informed decisions in the Edmonton real estate market. Always consult with a real estate professional for personalized advice based on current market conditions and your individual circumstances.

The statistics presented in this analysis are sourced from the Real Estate Association of Edmonton, providing valuable insights into the dynamic trends shaping Edmonton's real estate market.


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Title: Exploring Edmonton's Real Estate Trends: Week Ending December 13, 2023

Edmonton's real estate market, like a symphony, continues its rhythmic movements, with the week ending December 13, 2023, revealing intriguing trends and shifts in the city's housing landscape. Let's delve into the numbers and decipher the story they tell.

Sales Activity

This past week saw a total of 318 unit sales in Edmonton, marking an 18% decrease from the previous week. While a dip in sales might seem concerning on the surface, it's important to view these numbers in context, considering various external factors that could influence buyer behavior.

Listings Update

Simultaneously, the city witnessed 432 new listings, demonstrating a 25% decrease compared to the preceding week. This decline in fresh inventory might contribute to the slight drop in sales, potentially due to seasonal influences or specific market dynamics.

Pricing Stability

The average price of properties in Edmonton remained steady at $393,000, reflecting a market that's holding its ground in terms of pricing stability. This steadfastness could be indicative of a balanced market, with buyers and sellers finding equilibrium in their negotiations.

However, the median price experienced a notable uptick, rising to $377,000, showing a 5% increase from the previous week. This divergence between the average and median prices suggests that while the overall market maintained its stability, specific segments or types of properties might be gaining traction or experiencing increased demand.

Market Analysis

Understanding these statistics requires a more comprehensive analysis beyond the numbers themselves. Various factors such as economic conditions, interest rates, seasonal variations, and even global events can influence real estate activity.

The dip in both sales and new listings could be a reflection of seasonal adjustments, with the holiday season often impacting real estate activity. Additionally, external economic factors or shifts in buyer sentiment might also contribute to these fluctuations.

The stability in average prices combined with the rise in median prices suggests that while the market as a whole might be holding steady, certain property segments or neighborhoods might be witnessing increased demand or experiencing specific market dynamics.


Edmonton's real estate market remains dynamic, showcasing both stability and fluctuations in different metrics. Understanding the intricacies of these statistics aids in providing a clearer picture of the market's current state and potentially predicting future trends.

As we move forward, keeping an eye on how these numbers evolve and understanding the underlying reasons for these shifts will be crucial for buyers, sellers, and real estate professionals alike in making informed decisions within Edmonton's diverse housing landscape.

Stay tuned for further insights as we navigate the evolving real estate terrain in Edmonton.

The statistics presented in this analysis are sourced from the Real Estate Association of Edmonton, providing valuable insights into the dynamic trends shaping Edmonton's real estate market.


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Title: Edmonton Real Estate Report: December 6, 2023 - Market Trends and Insights

Edmonton's real estate market remains dynamic and promising as we delve into the statistics for the week ending December 6, 2023. The numbers reveal intriguing shifts and notable trends that could impact both buyers and sellers in the region.

Sales Activity

The week saw a total of 390 unit sales, marking a 1% decrease compared to the previous week. While this slight drop might indicate a stabilization in demand, it's important to note the market's overall resilience despite this marginal decline. This figure suggests ongoing interest from prospective buyers despite potential seasonal fluctuations or other external factors.

Listings Surge

The surge in new listings is a significant highlight, with an impressive 573 properties hitting the market, marking a substantial 28% increase from the previous week. This sudden influx of new listings could be attributed to various factors, such as sellers eager to capitalize on the market's upward trajectory, seasonal influences, or a response to increasing buyer demand.

Pricing Trends

One of the most striking aspects of this week's report is the notable surge in average and median prices. The average price for properties in Edmonton surged by 8% from the previous week, reaching $393,000. Similarly, the median price increased by 1%, settling at $358,000.

Analysis and Implications

The simultaneous increase in both average and median prices reflects a robust market where properties are appreciating in value. This upswing in pricing could be attributed to various factors, including limited inventory, sustained demand, and potentially attractive mortgage rates.

The rise in new listings, despite a marginal decrease in sales, may signal increased options for buyers. A higher inventory could potentially alleviate some pressure in the market, providing buyers with more choices and potentially moderating price increases in the coming weeks.

What This Means for Buyers and Sellers

For Buyers:

- Increased inventory offers more choices and potentially less competitive bidding.

- Despite the price surge, it remains a good time to secure a property before further appreciation.

For Sellers:

- The market continues to favor sellers, with prices on an upward trajectory.

- Strategically pricing properties amidst increased competition could yield favorable results.

Looking Ahead

As we move further into December, it will be intriguing to observe whether these trends continue or if there are any notable fluctuations due to seasonal influences. Factors such as interest rate adjustments or economic shifts might also impact the market's trajectory in the coming weeks.


Edmonton's real estate market showcases resilience and vigor, evidenced by a steady demand for properties despite a minor decrease in sales. The surge in listings alongside price appreciation suggests a market that's both competitive and promising for both buyers and sellers.

These statistics offer valuable insights for those navigating Edmonton's real estate landscape, providing a snapshot of current trends and potentially guiding informed decisions for those looking to buy or sell properties in the region.

"The statistics presented in this analysis are sourced from the Real Estate Association of Edmonton, providing valuable insights into the dynamic trends shaping Edmonton's real estate market."


Exploring Edmonton's Real Estate Market: Week Ending November 29, 2023

The pulse of Edmonton's real estate market continues to beat with its own rhythm, showcasing intriguing shifts and patterns in the week ending November 29, 2023. As we delve into the latest statistics, a blend of promising rises and slight declines shapes the narrative of the city's property landscape.

Sales Surge Amidst a Dynamic Market

In a notable surge, Edmonton witnessed 393 unit sales, marking a remarkable 7% increase from the previous week. This uptick hints at a growing interest in the city's real estate offerings, reflecting potential buyer confidence and a sense of opportunity within the market.

Listings: A Dip in New Offerings

Contrasting the surge in sales, the city saw a slight decline in new listings, with 448 properties entering the market, a decrease of 13% from the previous week. This reduction might indicate a temporary pause in new inventory hitting the market, potentially influencing the overall supply-and-demand dynamics in the coming weeks.

Average and Median Prices: A Momentary Dip

One of the noteworthy aspects of this week's statistics is the slight downturn in both average and median prices. The average price for properties in Edmonton stands at $363,000, marking an 8% decrease from the previous week. Similarly, the median price dipped by 4%, resting at $356,000.

Insights into Market Dynamics

While fluctuations in prices might raise eyebrows, it's essential to view these changes in the context of the broader market dynamics. A drop in prices within a single week can often be influenced by various factors such as the types of properties sold, their locations, or even seasonal variations. It might signal a temporary adjustment rather than a long-term trend.

Potential Implications and Buyer Opportunities

For prospective buyers, this temporary dip in prices could present a window of opportunity to explore the market with a slightly reduced financial threshold. However, it's crucial to act on informed decisions, considering factors beyond immediate price variations, such as property locations, amenities, and long-term investment potential.

Conclusion: A Dynamic Market Worth Watching

As the week concludes, Edmonton's real estate market showcases its dynamic nature, with a surge in sales, a slight decline in new listings, and a temporary dip in prices. While these statistics paint a snapshot of the market's current state, they also remind us of the nuanced and ever-evolving nature of real estate trends.

Whether you're a buyer, seller, or observer of the real estate scene, keeping an eye on these trends and consulting with industry experts can help navigate the market's fluctuations and capitalize on opportunities that arise.

The coming weeks will undoubtedly bring further insights into Edmonton's real estate trajectory, shaping the landscape for those seeking to make their mark in this vibrant market.

Stay tuned for the next update as we continue to unravel the story of Edmonton's real estate journey.

*The statistics presented in this analysis are sourced from the Real Estate Association of Edmonton, providing valuable insights into the dynamic trends shaping Edmonton's real estate market.*

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