The latest Edmonton housing market statistics are in, and the summer market is showing some interesting shifts. According to data from REALTOR.ca, here’s how the week of July 30 to August 5 shaped up:
Sales: Residential unit sales saw a slight dip of 0.5% compared to last month, with 2,860 properties sold in the Greater Edmonton Area.
New Listings: Fresh inventory rose 7.8% month-over-month, with 4,387 new properties hitting the market. Buyers now have more options, while sellers are seeing increased competition.
Active Inventory: Overall active listings reached 7,083, up 21.8% compared to this time last year.
Average Price: The average residential sale price was $463,078—a small 0.4% decrease from June, but still 5.2% higher than last year.
MLS® HPI Benchmark Price: The composite benchmark price came in at $427,800, down 2.7% from June, yet maintaining a 5.2% year-over-year increase.
What This Means for Buyers:
With more properties on the market, buyers have more negotiating power and choice. This is a great time to explore options before the post-summer market activity picks up.
What This Means for Sellers:
More competition means pricing your home strategically is key. Staging and marketing will make a big difference in attracting the right buyers.
Bottom Line:
Edmonton’s market remains active, but conditions are shifting. Whether you’re buying or selling, having the right strategy in place is essential to make the most of current opportunities.
Stats sourced from REALTOR.ca.
