Considering selling your home? Here's the latest market update for the Greater Edmonton Area!
Home sales in June 2024 saw a dip compared to May, but are still up 10% from last year. š New listings are down 14.2% from May but slightly up from June 2023. Inventory has slightly increased from last month, yet remains significantly lower than last year.
Average home prices:
ā¢ Detached Homes: $539,468 (up 7.9% YoY)
ā¢ Semi-Detached: $422,321 (up 10.3% YoY)
ā¢ Row/Townhouses: $290,249 (up 12.7% YoY)
ā¢ Condos: $211,583 (up 8.5% YoY)
Overall, residential prices have slightly decreased by 0.6% from May but are still up 6.6% from June 2023.
What does this mean for you? With prices holding strong and certain segments attracting investors, now could be an ideal time to sell and maximize your return!
Homes are selling faster too! Average days on market is down to 30 days.
Reach out today to discuss how you can take advantage of this market!
Craig Finnman
RE/MAX Elite
(780) 982-1589ā
craig@craigfinnman.ca
Home Sales Slow in June While Prices Remain Strong
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