The Edmonton real estate market continues to show strong momentum this spring, with a noticeable uptick in sales activity and price growth across the region.
Sales Volume Climbs
There were 648 residential properties sold in Edmonton during the week ending April 16, marking a 6% increase from the previous week. This continued rise in sales points to growing buyer confidence and a strong demand for homes, even as we move further into the busy spring season.
Fewer Listings, Tighter Supply
While sales are up, new listings dipped by 4%, with 1,001 properties hitting the market. This slight contraction in supply, coupled with increasing demand, may start to place upward pressure on home prices in the coming weeks if the trend continues.
Prices on the Rise
The average sale price for the week came in at $474,000, which is a 3% increase from last week. Even more notable is the median sale price, now sitting at $452,000, representing a 5% week-over-week increase. These gains suggest not only strong buyer activity, but also a shift toward more mid-to-high-range homes being purchased.
What This Means for Buyers & Sellers
For sellers, the market remains favorable—with rising prices and healthy buyer activity, it's an ideal time to consider listing your property. For buyers, acting sooner rather than later might help secure a home before prices climb further or inventory tightens.
As always, working with a knowledgeable real estate professional can help you navigate current trends and make confident decisions, whether you're buying or selling.
Statistics are sourced from the Realtors Association of Alberta.
