Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for October 2023 came to 1,812, decreasing from September 2023 by 12.0%, but showing an increase of 21.0% over October 2022.

New residential listings amounted to 2,753, which is 8.8% lower than September 2023, and 5.8% higher than October 2022. Overall inventory in the GEA showed decreases of 12.7% from October of last year and 4.9% from September 2023.

Detached unit sales totalled 1,055, a decrease of 12.7% from September 2023, but up 12.6% from the previous year. Semi-detached unit sales were down 9.2% month-over-month but showed an increase of 20.7% from October 2022. Row/Townhouse unit sales were down 2.2% from September 2023 and up 26.4% year-over-year. Apartment Condominium unit sales saw numbers increase 57.3% from last year and dip 19.2% lower than September 2023.

Total residential average prices came in at $396,550, a 0.6% increase from September 2023, and a 0.7% decrease from October 2022. Detached homes averaged $486,751, amounting to a 1.8% year-over-year increase, but a 1.4% decrease from September 2023. Semi-detached sold for an average of $385,895, resulting in a 4.2% increase year-over-year, and a 9.0% increase from the previous month. Row/townhouse prices were down 3.1% from September 2023 and down 0.6% when compared to October 2022, selling at an average of $258,779. Apartment Condominium average prices hit $203,663 showing increases of 11.8% from last month and 8.9% from last year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $377,000, resulting in a decrease of 0.8% from September 2023, and a year-over-year increase of 0.6% from October 2022.

Detached homes averaged 43 days on the market, increasing one day from September 2023. Semidetached homes averaged 47 days on the market, an increase of 10 days from the previous month, and row/townhouses showed now change, averaging 42 days on the market. Apartment condominiums averaged 61 days on the market, showing a seven-day decrease from September 2023.

Overall, all residential listings averaged 46 days on the market, increasing by two days monthover-month and dropping by four days in comparison to October 2022.

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Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for September 2023 hit 2,058, dropping from August 2023 by 8.4% and increasing 25.8% compared to September 2022. New residential listings decreased slightly, at 0.1% year-over- year from September 2022, and decreasing 3.3% from August 2023. Overall inventory in the GEA was down 15.7% from September of last year, and down 2.8% from the previous month. 

Detached unit sales totalled 1,311, a decrease of 8.0% from August 2023, but up 26% from the previous year. Semi-detached unit sales were down 11.0% month-over-month but increased by 6.9% from September 2022. Row/Townhouse unit sales were down 20.6% from August 2023 and up 28.0% year-over-year. Apartment Condominium unit sales had an increase of 59.3% from September 2022, and are the only property type to see an increase from the previous month, sitting at 3.2% higher than August 2023. 

Total residential average prices came in at $394,000, a 0.1% decrease from September 2022, and a 1.0% decrease from August 2023. 

Detached homes averaged $493,0328, noting a 2.4% year-over- year increase, but a 0.4% decrease from August 2023. Semi-detached sold for an average of $353,929, resulting in a 4.2% decrease year-over-year, and a 5.2% decrease from the previous month. Row/townhouse prices were up 8.0% from September 2022 and up 5.4% month-over-month, selling at $267,100. Apartment Condominium average prices hit $182,103 showing a decrease of 5.7% from last month and a decrease of 1.6% from September 2022.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $380,280, resulting in a decrease of 0.1% from August 2023, and a drop of 1.2% from September 2022. 

Detached homes averaged 42 days on the market, increasing three days from August 2023. Semi- detached homes averaged 37 days on the market, decreasing 5 days from the previous month, with row/townhouses averaging 42 days on the market, a decrease of two days month-over-month. Apartment condominiums averaged 54 days on the market, showing a two-day decrease from August 2023. Overall, all residential listings averaged 44 days on the market, decreasing by four days year-over-year and two days from August 2023. 

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Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for July 2023 hit 2,323, increasing 14.9% compared to July 2022, but dropped 10.4% from June 2023. New residential listings were down 7.7% year-over-year from July 2022, while also noting a drop of 9.2% from June 2023. Overall inventory in the GEA was down 17.3% from July of last year, and down 2.4% from the previous month.

Total residential average prices hit $409,986, a 2.0% decrease from July 2022, and a drop of 0.6% from June 2023. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $381,800, resulting in a decrease of 0.5% from June 2023, and a drop of 6.2% from July 2022.

Overall, all residential listings averaged 45 days on the market, increasing by seven days year-over-year and three days from June 2023.

Detached unit sales were up 10.9% from July 2022 and decreased 12.7% from June 2023 at 1,391. Detached homes averaged $503,542, noting a 0.8% year-over-year drop and a 0.6% increase from June 2023. Detached homes averaged 44 days on the market, increasing four days from June 2023. 

Semi-detached unit sales were down 11.2% month-over-month but increased by 11.2% from this time last year. Semi-detached sold for an average of $378,902, resulting in a 2.3% increase year-over-year, and a decrease of 1.0% from the previous month. Semi-detached homes averaged 35 days on the market, increasing one day from the previous month.

Row/Townhouse unit sales were up 19.7% from July 2022, but dropped 5.4% from June 2023. Row/townhouse prices were up both 3.8% from July 2022 and 2.6% month-over-month, selling at $264,128. Row/townhouses averaging 41 days on the market, an increase of one-day month-over-month. 

Apartment Condominium unit sales had an increase of 31.6% from July 2022, while noting a decrease of 4.3% from the previous month. Apartment Condominium average prices hit $194,823 showing a small decrease of 0.1% from last month and a drop of 3.1% from July 2022. Apartment condominiums averaged 58 days on the market, showing a three-day increase from June 2023. 

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Total residential unit sales hit 2,596, decreasing both 2.1% compared to June 2022 and 4.6% from May 2023. New residential listings were down 14.8% year-over-year from June 2022, while also noting a drop of 3.9% from May 2023. Overall inventory in the GEA was down 11.7% from June of last year, and up 0.5% from the previous month. 

Total residential average prices hit $412,334, a 3.1% decrease from June 2022, and a drop of 2.3% from May 2023. The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $383,600, resulting in an increase of 1.3% from May 2023, but a decrease of 7.2% from June 2022. Overall, all residential listings averaged 41 days on the market, increasing by nine days year-overyear and dropping one day from May 2023.

Detached unit sales were down 5.1% from June 2022 and decreased 6.0% from May 2023 at 1,594. They averaged $500,496, noting a 1.8% year-over-year drop and 2.7% decrease from May 2023. Detached homes averaged 40 days on the market, seeing no change from May 2023. 

Semi-detached unit sales were down 9.0% year-over-year but increased by 4.3% from May 2023. They sold for an average of $382,883, resulting in a small 2.6% increase year-over-year, and an increase of 0.2% from the previous month. Semidetached homes averaged 34 days on the market, decreasing three days from the previous month.

Row/Townhouse unit sales saw decreases both year-over-year and month-over-month, noting drops of 6.9% and 17.3% respectively. Prices were up both 0.7% from June 2022 and 1.7% month-over-month, selling at $257,812. They averaged 40 days on the market, a decrease of 2 days month-over-month. 

Apartment Condominium unit sales had increases of 26.0% from June 2022 and 6.8% from the previous month. Their average price hit $194,910, showing an increase of 0.9% from last month and a drop of 4.9% from June 2022. Apartment condominiums averaged 55 days on the market, showing a one-day drop from May 2023.

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Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for May 2023 hit 2,719, decreasing 6.8% compared to May 2022 but increasing 34.4% from April 2023. Total residential average prices hit $420,507, a 1.5% decrease from May 2022, and an increase of 2.8% from April 2023. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $378,800, resulting in an increase of 0.5% from April 2023, but a decrease of 8.4% from May 2022.

New residential listings were down 17% year-over-year from May 2022, while also noting an increase of 14.2% from April 2023. Overall inventory in the GEA was down 5.9% from May of last year, and up 2.6% from the previous month. 

All residential listings averaged 42 days on the market, increasing by 13 days year-over-year and dropping two days from April 2023.

Detached homes averaged 40 days on the market, a two-day decrease from April 2023. They averaged $512,338, a 1.2% year-over-year increase and an increase of 2.3% from April 2023. Detached unit sales were down 9.6% from May 2022, but saw an increase of 37.7% from April 2023 at 1,692. 

Semi-detached homes averaged 37 days on the market, decreasing four days from the previous month. They sold for an average of $381,968, resulting in a small 0.7% decrease year-over-year, but saw an increase of 0.8% from the previous month. Semi-detached unit sales were down 12.8% year-over-year but increased by 38.4% from April 2023. 

Row/townhouses averaging 42 days on the market, a decrease of three days month-over-month. Their prices were down both 4.3% from May 2022 and 3.1% month-over-month, selling at $253,417. Row/Townhouse unit sales saw increases in both year-over-year and month-over-month, noting improvements of 4.1% and 27.8% respectively. 

Apartment condominiums averaged 56 days on market, showing no change from April 2023. They average prices hit $193,218, showing decreases of 0.3% from last month and 8.1% from May 2022. Apartment Condominium unit sales also had increases of 3.7% from May 2022 and 22.2% from the previous month.

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The GEA real estate market experienced a significant decrease of 30.8% in residential unit sales in April 2023 compared to April 2022. New residential listings also saw a decline of 26% YoY, but increased by 6% from March 2023. The overall inventory increased by 7.4% YoY and 9.3% from the previous month.

The average price for residential properties in the GEA was $408,631, a drop of 6% from April 2022, but an increase of 4.8% from March 2023.The composite benchmark price for the MLS® Home Price Index (HPI) was $379,500, a 0.4% increase from March 2023 and a 9.1% decrease from April 2022.

Detached unit sales were down 32.9% YoY, but increased by 14.2% MoM to 1,229 units sold. Semi-detached unit sales decreased by 37% YoY, but increased by 19.3% from March 2023. Sales of row/townhouse units were down 23% YoY but increased by 0.7% MoM. Sales of apartment condominium units decreased by 23.2% compared to April 2022, but increased by 1.3% from the previous month.

On average, all residential listings in the GEA stayed on the market for 44 days, an increase of 14 days from last year and a decrease of five days from March 2023. If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠

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Sales in March 2023 in the Greater Edmonton Area (GEA) real estate market decreased 44.6% compared to March 2022 but saw an increase of 42.1% from February 2023. New listings were down 22% year-over-year, while also noting an increase of 32.3% from February 2023. Overall inventory was up 22.1% from March of last year, and up 11.8% from the previous month. Total average price hit $390,063, a 9.5% decrease from March 2022, and an increase of 5.6% from February 2023. 

Detached sales were down 47.5% from March 2022, but saw an increase of 48.4% from February 2023 at 1076. They averaged $485,739, a 6.4% year-over-year decrease and a 5.7% increase from February 2023 and averaged 46 days on the market, an 8-day decrease from February 2023. 

Semi-detached sales were down 58.2% year-over-year but increased by 20.7% from February 2023. They sold for an average of $365,455, resulting in a small 4.1% decrease year-over-year, saw an increase of 2.2% from the previous month and averaged 39 days on the market, decreasing 17 days from the previous month.

Row/Townhouse sales decreased 45% year-over-year and increased 49.2% month-over-month. Prices were down 7.4% from March 2022 and 1.4% month-over-month, selling at $247,796. They averaged 52 days on the market, a decrease of 8 days month-over-month. 

Apartment Condominium sales saw a decrease of 19% from March 2022 but increased 30.1% from the previous month. They averaged $192,746, showing an increase of 2.9% from last month, and a decrease of 5.2% from March 2022 and averaged 60 days on market, showing a decrease of 5 days from February 2023. 

The MLS® Home Price Index (HPI) composite benchmark price* came in at $377,900, resulting in an increase of 1.7% from February 2023, but a decrease of 7.8% from March 2022. Overall, all residential listings averaged 49 days on the market, increasing by 15 days year-over-year and dropping eight days from February 2023.

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Total sales in the Greater Edmonton Area (GEA) real estate market for February 2023 decreased 43.4% compared to February 2022 but saw an increase of 31.2% from January 2023. New residential listings were down 12.9% year-over-year from February 2022, while also noting an increase of 15.1% from January 2023. Overall inventory in the GEA was up 20.8% from February of last year, and up 8.5% from the previous month. 

Detached sales were down 50.9% from February 2022, but saw an increase of 24.4% from January 2023 at 725. They averaged $459,600, a 9% year-over-year decrease and a 1.8% increase from January 2023. Detached homes averaged 54 days on the market, an 11-day decrease from January 2023.

Semi-detached sales were down 47.7% year-over-year but increased by 50% from January 2023. They sold for an average of $357,611, resulting in a small 0.6% decrease year-over-year, with prices down 0.7% compared to January 2023. Semidetached homes averaged 56 days on the market, increasing 6 days from the previous month.

Row/Townhouse sales also decreased 33.9% year-overyear and increased 26.4% month-over-month. Prices were down 4.3% from February 2022, but were up 1.4% month-over-month, selling at $251,332. Row/townhouses averaging 60 days on the market, a decrease of 3 days month-over-month.

Apartment Condominium sales saw only a minimal decrease of 2.1% from February 2022 but increased 47.7% from the previous month. They averaged $187,325, showing both a decrease of 0.1% year-over-year and 0.8% from last month. Apartment condominiums averaged 65 days on market, showing a large decrease of 17 days from January 2023. 

Total residential average prices hit $369,286, a 13% decrease from February 2022, and a 0.2% decrease from January 2023. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $371,600 seeing a drop of 5.9% from February 2022, but an increase of 0.8% from January 2023. 

Overall, all residential listings averaged 57 days on the market, increasing by 10 days year-over-year and dropping nine days from January 2023.

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Total sales in the Greater Edmonton Area (GEA) real estate market for January 2023 decreased 25.8% compared to January 2022 and saw a small decrease of only 0.2% from December 2022. New residential listings were up 8.5% year-over-year from January 2022, while also noting an increase of 94.8% from December 2022. Overall inventory in the GEA was up 13.2% from January of last year, and up 5.3% from the previous month. 

Detached sales were down 32.1% from January 2022, but saw a small increase of 1.4% from December 2022 at 583. They averaged $451,659, a 2.1% year-over-year decrease and a 4.2% decrease from December 2022. Detached homes averaged 65 days on the market, an 11-day increase from January of last year.

Semi-detached unit sales were down 35.9% year-over-year but increased by 2.0% from December 2022.  They sold for an average of $355,086, resulting in a 5.2% decrease year-over-year, with prices down 0.9% compared to December 2022. Semi-detached homes averaged 50 days on the market, decreasing seven days year-over-year.

Row/Townhouse unit sales also decreased 5.7% yearover-year and increased 10.4% month-over-month. Prices increased both 1.2% from January 2022 and 4.4% month-over-month, selling at $247,761. Row/townhouses averaging 63 days on the market, an increase of five days from January 2022.

Apartment Condominium unit sales saw no changes from January 2022 but decreased 12.9% from the previous month. They averaged $189,631, with a 5.5% increase from the previous month and a 2.3% drop year-over-year. Apartment condominiums averaged 82 days on market, showing only a one-day increase from last year.

All residential average prices hit $370,068, a 6.2% decrease from January 2022, and 1.4% decrease from December 2022. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $368,800, seeing both a 3.7% decrease from January 2022 and 1.2% from December 2022. 

Overall, all residential listings averaged 66 days on the market, increasing by eight days both year-over-year and from December 2022.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠ 📧 📲

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