As we move further into the fall season, Edmonton's real estate market continues to showcase steady activity. For the week ending October 9, 2024, we saw a relatively balanced performance with slight upward trends in both listing volume and property prices. Here’s a breakdown of the key statistics from the past week:
- Unit Sales: 548 properties were sold, marking no change from the previous week. This indicates a sustained demand for housing, as buyers remain active despite the approaching cooler months.
- New Listings: 767 new properties hit the market, reflecting a 5% increase compared to the previous week. This rise in listings provides more options for potential buyers, contributing to a dynamic and competitive marketplace.
- Average Price: The average price of a home in Edmonton is now $457,000, showing a 3% increase from last week. This gradual rise in prices is a sign of healthy appreciation as the market maintains a strong footing.
- Median Price: The median price has climbed to $438,000, which is up by 5% from the previous week. The growing median price suggests that homes in the mid-range bracket are becoming more valuable, as buyer competition remains high.
With the fall market in full swing, both buyers and sellers are seeing continued opportunities. The increase in new listings offers fresh inventory, while steady sales and rising prices indicate a resilient market. Whether you’re looking to buy, sell, or simply keep an eye on the trends, Edmonton’s real estate sector remains active and full of potential.
Data provided by the Realtors Association of Alberta.
