There were a total of 3,220 residential unit sales in the Greater Edmonton Area (GEA) real estate market during May 2024, showing increases of 3.3% over April 2024, and 18.9% over May 2023.

New residential listings amounted to 4,325, a number 13.4% higher than in April 2024, and 12.6% higher than May 2023. Overall inventory in the GEA increased 6.9% from April 2024, but is still 17.1% lower than May 2023.

Total residential average prices came in at $441,350, a 2.2% increase from April 2024, and 5.0% increase from May 2023. 

Detached unit sales totalled 1,894, an increase of 2.4% over the previous month, and 12.5% higher than the previous year. Detached homes averaged $546,390, increasing 3.0% from April 2024 and up from the previous year by 6.8%. Detached homes averaged 33 days on the market, decreasing 2 days from April 2024. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $399,900, increasing 1.1% from April 2024, and 6.1% from May 2023.

Craig Finnman
RE/MAX Elite
(780) 982-1589⁠
craig@craigfinnman.ca⁠

Start Home Search
Start Home Evaluation

Read Full Market Stats Report