Edmonton Realtor Market Update

Edmonton Real Estate Market Update: April 2026 — My Take as a 22‑Year Edmonton REALTOR®

Tue, 14 Apr 2026 20:32:41 GMT

Discover April 2026 trends from a 22‑year Edmonton REALTOR®. See price shifts, Edmonton condos and homes, and hot spots like Windermere, Chappelle & Oliver.

Edmonton Realtors 2025 Market Review

Fri, 09 Jan 2026 20:42:30 GMT

HIGHER AVERAGE PRICE YEAR-OVER-YEAR
Edmonton saw a year-over-year increase of 6.35% in its average sale price.

LOWER SALES VOLUME YEAR-OVER-YEAR
The number of homes sold in 2025 was 6.50% lower than in 2024.

HIGHER NEW LISTINGS YEAR-OVER-YEAR
There are 9.17% more new residential listings in the Greater Edmonton Area.

(Statistics for Greater Edmonton Area courtesy of Realtors Association of Edmonton Housing Forecast 2026).

Edmonton Realtors Year in Review: 2026 Real Estate Outlook

Fri, 12 Dec 2025 19:05:00 GMT

After more than 22 years helping Edmonton buyers and sellers, I’ve seen many market cycles — and this one has me feeling optimistic. Steady demand and renewed confidence set the stage for a strong year ahead.

Why 2026 Looks Bright For Edmonton, AB

Low Interest Rates: Rates are back near 2022 levels, giving buyers more flexibility and supporting prices.
Strong Demand: Edmonton’s unique blend of affordability, opportunity, and stability continues to attract buyers.
Rising Prices: The Canadian Real Estate Association forecasts a 3% increase across Alberta — and Edmonton’s value may push that higher depending on your community and property style.

Planning Your Next Move

Sellers: A well‑prepped home makes a big difference. Declutter, make small repairs, and consider styling or staging to maximize your sale.
Buyers: With rates this low, it’s the perfect time to get pre‑approved and ready before competition increases mid‑year.

If you're considering a move this year, please feel free to reach out to discuss your goals so I can help you make your decisions. I’m here to guide you every step of the way.

Happy Holidays! - Alison

REALTORS® Association of Edmonton – December 2, 2025 — For November 2025, the Greater Edmonton Area (GEA) real estate market reported 1,654 sales, a 19.7% decrease compared to activity in October 2025 and a 13.5% decrease compared to November 2024. There were 2,281 new properties listed, decreasing 27.9% month-over-month, tracking 11.0% higher year-over-year. Inventory levels fell 10.6% from the previous month but are 33.3% higher compared to the previous year.

Average selling price across all residential property types decreased by 1.7% in November to $447,005, reflecting a 2.7% increase compared to November 2024. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $415,500, a 1.3% decrease from October 2025 and 3.3% higher than one year ago.

“Last month’s market shift was significant, but well within seasonal expectations. This time of year typically brings fewer sales and more days on market, and it’s not unusual to see softening prices during the colder months, as motivated sellers try to close a deal before year-end. Usually though, it’s a time of year where different priorities are taking precedence over house-hunting, and it’s a great time to start planning for the 2026 market.” – REALTORS® Association of Edmonton

Data by Property Type

Detached home average prices decreased 1.0% from October 2025 to $553,746, and increased 2.6% compared to November 2024. Sales in the detached category fell 22.7% from last month and 15.2% from last year. New detached listings fell 29.2% month-over-month, but are still 12.5% higher year-over-year.

Semi-detached new listings decreased 39.4% from the previous month and increased 17.0% year-over-year. Sales also slowed, decreasing by 7.8% compared to October 2025, but increased 3.1% compared to last year. Average prices fell 1.2% from October to $423,790—a price 5.5% higher than the previous year.

Row/townhomes prices decreased 2.5% in November, averaging $289,605. This price reflects a 0.3% increase from the previous year. New listings were also 30.8% lower than October but remained higher than the previous year by 17.7%. Sales for row/townhouse properties decreased by 11.9% month-over-month and 12.5% compared to November 2024.

Apartment condominiums sales slowed from October, selling 23.4% fewer units than the previous month and 18.8% fewer than the previous year. New listings slowed by 31.4% from October but remained 0.5% higher than the previous year. Condominium prices averaged $205,314 at the end of the month, a 1.3% increase from October and a 2.5% increase compared to November 2024.

Edmonton Realtors Market Update October 2025

Thu, 23 Oct 2025 20:42:28 GMT

The Greater Edmonton Area real estate market remained balanced through September, showcasing resilience as we transition into the fall season.

Alison

Realtors Association of Edmonton – October 2, 2025: Housing activity in the Greater Edmonton Area (GEA) real estate market during the month of September included 3,645 new listings added to the market and 2,192 units sold. Compared to the previous month, these figures represent a 0.1% increase in new listings and a 7.8% decrease in sales. Year-over-year the change is 16.3% more listings added and 2.9% fewer sales. This difference has created a 25.6% increase in available inventory compared to a year ago.

Average selling price across all residential property types decreased by 1.8% month-over-month to $452,849, though it remains 2.8% higher than September 2024. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $423,500, a 1.0% decrease from August 2025 and 4.2% higher than one year ago.

“Real estate activity is getting quieter as expected in the fall, though last month we did see prices go up for semi-detached and even row/townhouse property types. Looking ahead, there is some potential for another spike of activity if the Bank of Canada lowers interest rates again. We’ll have to wait and see how many buyers are incentivized by their ability to leverage that lending power and whether or not they’ll be able to capitalize on the cooling effect of autumn on home prices.” –REALTORS® Association of Edmonton

Data by Property Type

Detached home average prices decreased 2.8% from August 2025 to $554,084, and are 0.2% higher than the September 2024. The number of detached sales fell 7.7% from last month and rose 0.7% from last year. New detached listings decreased 2.3% month-over-month, and rose 18.6% year-over-year.

Semi-detached property prices increased to $433,760 in September, rising 3.1% from August 2025 and 5.3% from September 2024. There were fewer sales reported, decreasing 5.9% month-over-month and 2.4% year-over-year. In September 2025, new semi-detached listings decreased by 15.5% compared to August, but remained 5.4% higher than September 2024.

Row/townhomes prices increased a second month in a row, averaging $303,382, a 0.5% monthly increase and a 3.4% increase over the previous year. New listings were also 4.1% higher than August and 30.4% higher than September last year. This category did see a decrease in the number of units sold, falling 5.2% month-over-month and 10.5% compared to September 2024.

Apartment condominiums sales also decreased in September, selling 11.9% fewer units than the previous month, and 8.7% fewer than the previous year. New listings slowed by 8.0% from August but remained 5.4% higher than September 2024. Condominium prices came down by 4.9% to average $207,363 in September; this price compares 3.8% higher than the same month in 2024.

Edmonton Realtors Fall Market Report 2025

Fri, 19 Sep 2025 21:30:34 GMT

Edmonton Market Update: Why Fall is Still a Great Time to Sell.

We’ve been receiving many questions about whether the market is busy right now. While sales across the Greater Edmonton area eased slightly in August — prices have held steady. From my experience, with an interest rate cut and beautiful weather, fall can be a fantastic opportunity to sell your condo or home.

Alison

REALTORS® Association of Edmonton – September 2, 2025: Activity in the Greater Edmonton Area (GEA) real estate market slowed in August, selling 2,382 units to mark a decrease of 16.7% from July 2025 and 7.8% from August 2024. Although new listings dropped by 10.5% month-over-month, they are still up 11.6% from last year, driving inventory levels 24.6% higher than in August 2024. Average days on market has also begun to increase, taking four days longer on average to sell a property in August 2025.

For the second time in a row, the average selling price across all residential property types has decreased 0.4% month-over-month. Though at $461,281, the average is still 6.0% higher than the previous year. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $427,900, reflecting no change from July 2025 and a 5.1% increase from August 2024.

“Despite the hotter temperatures in August, the market definitely cooled. The number of properties listed and sold in August was lower in all categories, which is typical for this time of year. As school starts up again and life gets busier, the buyers and sellers that are left in the market will have to change up their tactics a bit. Sellers will have to make sure they’re priced right and showing their best, while buyers will be able to negotiate with motivated sellers.” -Darlene Reid, 2025 Board Chair, REALTORS® Association of Edmonton

Data by Property Type

Detached home average prices decreased 1.5% month-over-month to $569,926, while the year-over-year change reflected a 4.5% increase. The number of detached sales fell 15.8 from July 2025 and 2.9% from August 2024. New detached listings decreased 11.5% month-over-month, but are 14.5% higher year-over-year.

Semi-detached property prices also cooled last month, falling 2.3% from July 2025 to $420,802, but were 1.4% higher than in August 2024. Sales continued to slow, with a 16.2% decrease from the previous month and 12.4% fewer sales than the previous year. In August 2025, new semidetached listings were 12.8% lower than in July, but showed an increase of 20.5% compared to August 2024.

Row/townhome prices rebounded a small amount, averaging $301,342, a 1.5% monthly increase and a 3.5% increase over the previous year. Although new listings were 6.8% higher than last year, they continued to slow, with 20.2% fewer properties added compared to July 2025. Sales continued to trend down, falling 17.7% month-over-month and 19.9% compared to August 2024.

Apartment condominium sales slowed in August 2025, dropping 19.2% from the previous month and 9.5% from the previous year. New listings for apartment condos also
decreased 16.3% from July but remained 3.3% higher than August 2024. Condominium prices showed the highest increase of all the categories, at $218,063 last month, moving the needle 3.9% higher month-over-month, and representing an increase of 6.7% over August 2024.

Edmonton Realtors Mid-Year Market Report July 2025

Fri, 25 Jul 2025 20:05:58 GMT

Realtors see growing options for buyers with strong prices for sellers

As we transition into the second half of the year, Edmonton’s real estate market is gaining momentum on both sides. Sales activity has picked up, and inventory levels continue to rise, signaling that both buyers and sellers are returning to the market in greater numbers. With more favorable interest rates, improved affordability, and increased choice, many are seizing the opportunity to make their move.

Realtors Association of Edmonton, July 2, 2025: Activity in the Greater Edmonton Area (GEA) residential real estate market remained robust in June 2025, with 2,877 homes sold and 4,215 new listings added to the REALTORS® Association of Edmonton’s (RAE) MLS® System. While sales dipped 2.8% and new listings declined 10.9% compared to May 2025, year-over-year trends remain positive. Residential unit sales were up 1.2% from June 2024, and new listings saw a notable 15.8% increase from the same time last year. Inventory levels also edged upward, with 6,768 residential properties available at the end of June, up 3.8% from May and 15.0% higher than a year ago.

The average selling price across all residential property types rose 0.1% from May to $464,955, up 5.9% year-over-year. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $439,700, reflecting a 0.1% increase from May 2025 and a 7.7% increase from June 2024.

“June’s market remained steady overall, with year-over-year gains in sales and listings. However, we’re starting to see signs of a slowdown in some categories—particularly semi-detached and row/townhomes, where sales dipped and time on market increased. That said, with inventory growing and strong listing activity, the Greater Edmonton Area continues to offer opportunity for both buyers and sellers as we head into the second half of the year.” – REALTORS® Association of Edmonton

Data by Property Type

Detached homes remain in demand selling 2.6% more units than the same month last year, and prices continue to trend 6.4% higher year-over-year despite a monthly dip of 1.0%. New listings were 16.3% higher compared to June 2024, helping ease tight conditions. While new listings slowed during June, detached properties stayed on the market an average of two days longer than the previous month.

While semi-detached sales saw a month-over-month increase of 5.6%, sales were down 9.3% from last year in contrast to other property categories. An influx of 449 new listings reflects a 26.5% increase compared to June 2024. Although the average sale price remained steady, a modest 4.1% year-over-year growth in prices suggests balanced conditions.

Row/townhomes continue to show solid year-over-year price growth with an average price of $309,811, higher than June 2024 by 6.8%. Although the pace of sales slowed 13.7% compared to May 2025, with 415 sales in June, the category still showed an annual increase of 2.5%. A three-day monthly increase in the number of days on market may reflect increased choice for buyers.

Apartment condominiums remain a relatively stable segment, with modest price growth of 0.3% month-over-month and 1.4% year-over-year. Sales volume showed a downward trend of 1.9% at the end of spring but increased 2.9% over last year. Supply in this category remains strong with 10.4% more new listings compared to last year, despite a month-over-month decrease of 14.5%.

Edmonton Realtors Market Report June 2025

Sat, 14 Jun 2025 15:21:51 GMT

Emerging Edmonton Real Estate Market Trend

As we enter the heart of the Edmonton summer real estate season, the market is experiencing an uptick in both listings and sales. Historically, this time of year sees the highest volume of activity, and 2025 is no exception.

Realtors Association of Edmonton, June 2, 2025: There were 2,967 residential unit sales in the Greater Edmonton Area (GEA) real estate market during May 2025, representing a 9.7% increase from April 2025 and a 7.9% decrease from May 2024. New residential listings totalled 4,917, representing a 27.8% increase from April 2025 and a 16.1% increase over the previous year. The overall inventory in the GEA increased 19.9% month-over-month and 13.2% year-over-year.

The total number of Detached units sold was 1,730, representing a 9.8% increase over the previous month and an 8.9% decrease compared to sales in May 2024. With 289 units sold in May 2025, semi-detached sales were down 5.9% month-over-month and 19.3% year-over-year. Row/Townhouse unit sales increased 23.9% compared to April 2025 and 11.3% compared to May 2024. Apartment Condominium unit sales were up 7.4% from the previous month and down 12.6% from the previous year.

The total residential average price in May 2025 was $464,277, decreasing 1.4% from the previous month and reflecting an overall growth of 5.2% compared to May 2024. Detached home prices averaged $579,704, representing a 1.0% decrease from April 2025 and a 6.2% increase over the previous year. Semi-detached units sold for an average of $439,857, representing a 1.1% increase from the last month and a 6.0% year-over-year increase. Row/townhouse prices decreased by 2.7% from April 2025 and increased 4.3% compared to May 2024, with an average selling price of $306,796. Apartment Condominium average prices fell 2.1% from the previous month to $213,792, ending the month 3.4% higher than May of last year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $439,100, reflecting a 0.3% increase from April 2025 and a 9.8% increase from May 2024.

“A new trend may be emerging in our market right now, signalled by a rebound in our inventory levels,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “For the second month in a row, our inventory levels have been buoyed by a flood of new listings, giving buyers more choice and sellers more competition. As a result, we saw a nominal decrease in average price over most property categories, which could signal a change in the direction of our housing market as the year progresses.”

Detached homes averaged 27 days on the market; a one-day decrease from April 2025. Semi-detached homes decreased by two days, with properties averaging 25 days on the market. Row/townhouses increased one day to 27, while Apartment Condominiums averaged 40 days on market, reflecting a two-day increase. Overall, residential listings decreased by one day from the previous month, averaging 29 days on the market, reflecting a five-day decrease from the previous year.

Edmonton Realtors Market Report May 2025

Fri, 16 May 2025 21:10:49 GMT

A Strong 1st Quarter 2025, Prairies Hold Steady

Edmonton’s real estate market had a strong first quarter, keeping pace with 2024 performance. Home Price Index is up 10.8% year-over-year, sales have increased by 9% month-over-month, and inventory levels are only slightly higher than last year, indicating strong demand.

For affordable, Prairie cities like Edmonton, Saskatoon, and Regina——prices are holding steady for now due to strong employment and interprovincial migration. While these markets have demonstrated resilience, the broader economic sentiment remains cautious.

Edmonton Realtors Association, May 2, 2025: There were 2,710 residential unit sales in the Greater Edmonton Area (GEA) real estate market during April 2025, representing a 9.0% increase from March 2025 and a 13% decrease from April 2024. New residential listings totalled 4,012, representing a 9.8% increase from March 2025 and a 4.8% increase over the previous year. The overall inventory in the GEA increased 12.1% month-over-month and 0.3% year-over-year.

The total number of Detached units sold was 1,576, representing a 10.2% increase over the previous month and a 14.7% decrease compared to sales in April 2024. With 307 units sold in April 2025, semi-detached sales were up 15.4% month-over-month and down 11.3% year-over-year. Row/Townhouse unit sales increased 5.1% compared to March 2025 and recorded 4.2% fewer sales than in April 2024. Apartment Condominium unit sales were down 14.9% from the previous year and up 4.3% from the month before.

The total residential average price came in at $470,447, increasing 2.1% from the previous month and reflecting an overall growth of 9.0% compared to April 2024. Detached home prices averaged $585,707, representing a 1.8% increase from March 2025 and a 10.4% increase over the previous year. Semi-detached units sold for an average of $434,858, representing a 1.1% increase from the last month and a 6.9% year-over-year increase. Row/townhouse prices increased by 0.1% from March 2025 and 6.7% compared to April 2024, with an average selling price of $314,703. Apartment Condominium average prices rose 0.1% from the previous month to $218,330, ending the month 8.5% higher than April of last year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $438,100, unchanged from March 2025 and reflecting a 10.8% increase from April 2024.

“Our spring market has unmistakably declared its arrival with the influx of new listings and rising inventory. April marked the first time in a while that our current inventory has been on par with or higher than last year’s levels,” says REALTORS® Association of Edmonton 2025 Board Chair . “Though, what’s interesting is we’ve seen inventory levels decline in the negative double digits for the better part of the last 12 months, and the dwindling supply has put pressure on home prices. That pressure won’t alleviate unless this upward trend for inventory continues well past the busy season. We can still expect prices to continue to increase in the short term through the warmer months.”

Detached homes averaged 29 days on the market, a one-day decrease from March 2025. Semi-detached homes increased by five days, with properties averaging 27 days on the market. Row/townhouses increased two days to 26, while Apartment Condominiums averaged 38 days on market, reflecting a four-day decrease. Overall, residential listings averaged 30 days on the market, unchanged from the previous month and reflecting a six-day decrease compared to April 2024.

Edmonton Realtors Market Report April 2025

Mon, 14 Apr 2025 21:09:12 GMT

The Greater Edmonton Area real estate market is showing strong activity this spring. An increase in new listings is giving buyers more options. However, home prices continue to rise.

Market Highlights

New residential listings rose 41.3% month-over-month and 7.5% year-over-year
Overall inventory increased 16% from March, though still 8.1% below March 2024
1.9 months of inventory = still a seller’s market

Realtors Association of Edmonton, April 2, 2025: There were 2,494 residential unit sales in the Greater Edmonton Area (GEA) real estate market during March 2025, representing a 36.9% increase from February 2025 and a 1.3% increase from March 2024. New residential listings totaled 3,780, representing a 44.5% increase from February 2025 and a 7.5% increase over the previous year. The overall inventory in the GEA increased 16.6% month-over-month, though levels remain lower year-over-year, decreasing 8.1% from March 2024.

The total number of Detached units sold was 1,434, representing a 41.3% increase over the previous month and a 1.8% decrease compared to sales in March of last year. Semi-detached sales increased 24.7% month-over-month and 3.1% year-over-year, with 268 units sold in March 2025. Row/Townhouse unit sales increased 27.9% compared to February 2025 and recorded 3.9% more sales than March 2024. Apartment Condominium unit sales were up 8.8% from the previous year and 37.8% from the previous month.

The total residential average price came in at $460,685, increasing 2.5% from the previous month and reflecting an overall growth of 9.3% compared to March 2024. Detached home prices averaged $574,872, representing a 1.2% increase from February 2025 and 11.2% higher than the previous year. Semi-detached units sold for an average of $430,646, representing a 2.3% increase from the last month and a 5.3% year-over-year increase. Row/townhouse prices increased by 4.6% from February 2025 and by 11.3% compared to March 2024, with an average selling price of $314,791. Apartment Condominium average prices rose 1.4% from the previous month to $218,052 and ended the month 12.2% higher than the same month one year ago. The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $438,100, representing a 2.2% increase from February 2025 and a 12.2% increase from March 2024.

“The marked increase in sales and new listings means the busy season has arrived, and with prices on the rise, it’s a great time to be on the seller’s side,” says REALTORS® Association of Edmonton 2025. “For buyers, the higher level of inventory available means a better chance of finding your dream home, but with overall inventory still lower than last year, multiple-offer situations are also becoming increasingly common.” Detached homes averaged 30 days on the market, a nine-day decrease from February 2025. Semi detached homes decreased by four days, with properties averaging 22 days on the market. Row/townhouses decreased three days to 25, while Apartment Condominiums averaged 42 days on market, reflecting a six-day decrease. Overall, all residential listings averaged 30 days on the market, equating to a seven-day month-over-month decrease and a 10-day decrease compared to March 2024.

Edmonton Realtors Market Report March 2025

Wed, 19 Mar 2025 21:26:00 GMT

Real estate in the Greater Edmonton Area showing signs of spring thaw

Edmonton, March 4, 2025: There were 1,825 residential unit sales in the Greater Edmonton Area (GEA) real estate market during February 2025, a 14.3% monthly increase from January 2025 and a 7.1% decrease from February 2024. New residential listings amounted to 2,723, up 13.2% from January 2025 and down 0.4% from the previous year. Overall inventory in the GEA increased 11.4% month-over-month, though levels remain lower year-over-year, decreasing 13.4% from February 2024.

The total number of Detached units sold was 1,015, an increase of 18.6% over the previous month and 12.3% lower than the previous year. Semi-detached sales increased 7.5% month-over-month and 11.4% higher year-over-year, moving 215 units last month. Row/Townhouse unit sales increased 23.4% compared to January 2025 and recorded 3.9% more sales than February 2024. Apartment Condominium unit sales were down 9.2% from the previous year and 0.3% from the previous month.

Total residential average prices came in at $449,554, increasing 2.6% from the previous month and reflecting an overall growth of 10.5% compared to February 2024. Detached home prices averaged $567,913, an increase of 1.2% from January 2025 and 11.9% higher than the previous year. Semi-detached units sold for an average of $420,786, a decrease of 0.1% from the last month and showing an increase of 8.9% year-over-year. Row/townhouse prices were down 3.5% from January 2025 but measured 9.1% higher than last year, with an average selling price of $300,818. Apartment Condominium average prices rose 7.3% from January 2025 to $217,373 and ended the month 19.9% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $428,800, increasing 2.3% from January 2025 and up 12.3% from February 2024.

“There’s been a definite shift in the market over the past month towards an early spring market,” says REALTORS® Association of Edmonton 2025 Board Chair Darlene Reid. “REALTORS® know that prices will increase as the season gets busier and new inventory tends to decrease. If they are representing buyer-clients, they’re likely warning them to be ready to move fast when the right property comes up.”

Detached homes averaged 39 days on the market, a significant 12-day decrease from January 2025. Semi-detached homes decreased by 11 days, with properties averaging 26 days on the market. Row/townhouses decreased nine days to 28, while Apartment Condominiums averaged 48 days on market, reflecting a nine-day decrease as well. Overall, all residential listings averaged 37 days on the market, equating to an 11-day month-over-month decrease and a 13-day decrease compared to February 2024.

*Please note – Each year, in line with statistical best practices, the MLS® HPI undergoes a comprehensive review by Canadian Real Estate Association (CREA). The results can lead to changes in the available data and historical composite or aggregate benchmark prices could be revised higher or lower. Learn more here or see the FAQ document here.

Edmonton Real Estate Market February 2025

Sat, 08 Feb 2025 19:01:55 GMT

Edmonton housing demand continues to trend upwards as 2025 begins

Edmonton, February 4, 2025: There were a total of 1,597 residential unit sales in the Greater Edmonton Area (GEA) real estate market during January 2025, a 12.1% monthly increase from December 2024 and an 11.2% annual increase from January 2024. New residential listings amounted to 2,452, up 83.5% from December 2024 and 12.9% from the previous year. Overall inventory in the GEA increased 6.9% month-over-month, while still trending lower year-over-year, showing an 18.2% decrease from January 2024.

The total number of Detached unit sales was 856, an increase of 3.9% over the previous month but 2.4% lower than the previous year. Semi-detached sales increased 22.0% month-over-month and 41.8% higher year-over-year, moving 200 units last month. Row/Townhouse unit sales increased 8.8% compared to December 2024 and recorded 21.8% more sales than January 2024. Apartment Condominium unit sales were 36.0% higher than the previous year and 39.1% higher than December 2024.

Total residential average prices came in at $438,278, showing a minimal 0.8% increase from the previous month and reflecting an overall growth of 9.9% compared to January 2024. Detached home prices averaged $561,282, an increase of 4.2% from December 2024, and coming in 16.2% higher than the previous year. Semi-detached units sold for an average of $420,844, increasing 3.0% from the previous month and 11.2% year-over-year. Row/townhouse prices were up 6.6% from December 2024 and were 15.8% higher than in January 2024 with an average selling price of $311,866. Apartment Condominium average prices fell 0.8% from December 2024 to $202,663 but still ended the month 4.9% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $419,200, increasing 3.8% from December 2024 and up 12.0% from January 2024.

“When we announced our 2025 Housing Market Forecast just a few weeks ago, we did count on some unpredictability this year,” says REALTORS® Association of Edmonton 2025 Board Chair . “The first surprise of the year is seeing such a marked increase in newly listed properties coming onto the market in what is typically a slower month, and of course, many were snatched up right away. I’d love to say that trend will continue through the year, but we’ll have to wait and see.”

Detached homes averaged 51 days on the market, an increase of seven days from December 2024. Semi-detached homes increased by four days with properties averaging 37 days on the market. Row/townhouses decreased one day to 37, while Apartment Condominiums averaged 57 days on market, reflecting no change. Overall, all residential listings averaged 48 days on the market, with a four-day month-over-month increase and an 11-day decrease compared to January 2024.

2025 Realtors Association of Edmonton Forecast

Thu, 06 Feb 2025 21:55:01 GMT

Edmonton's housing market is forecasted to maintain strong momentum through the first half of 2025. The 2024 Edmonton housing market experienced surprisingly strong resale conditions, setting a promising growth trajectory.

Population growth and easing interest rates are expected to fuel Edmonton's housing demand, while new inventory supply will balance the market.

Alberta’s economy continues to support Edmonton’s housing market. Investments in alternative energy, carbon capture, food manufacturing, and artificial intelligence are projected to sustain economic growth, even as concerns about potential U.S. tariffs temper optimism. Alberta is forecasted to lead Canada in growth in 2025.

Looking ahead to 2025, the Realtors Association of Edmonton expects the new housing to help stabilize the market. It forecasts opportunities for buyers and sellers with increases of +4.1% for listings, +3.1% for sales, and average price increases of +2.4 %.

(Stats courtesy of Realtors Association of Edmonton)

Please contact me with any questions about how the real estate market could affect your specific real estate plans. You can also sign up for my newsletter on my website and receive monthly updates.

Alison

Low inventory sets stage for continued seller’s market

Thu, 09 Jan 2025 20:44:28 GMT

Edmonton December 2024 Market Highlights: Ave Residential Sale Price - up 12.2% y-y Total Residential Sales – 25.4% higher Total Residential Inventory – down 24% y-y

Interest Rate Cuts Impacts Edmonton Real Estate Market Sales

Sat, 16 Nov 2024 20:45:28 GMT

While sales usually slow down this time of year, we have seen robust Edmonton real estate sales this fall due to recent mortgage rate changes. This indicates that the market will offer faster-moving opportunities at the beginning of 2025 once buyers finish their Christmas holidays.

Happy Holidays,

Alison

Realtors Association of Edmonton, November 4, 2024: There were a total of 2,489 residential unit sales in the Greater Edmonton Area (GEA) real estate market during October 2024, a 10.5% increase from September 2024 and 38.5% higher than October 2023. New residential listings amounted to 2,934, down 8.7% from September 2024 and up 9.2% higher from October 2023. Overall inventory in the GEA decreased 10.1% month-over-month and sits 17.4% lower year-over-year.

The total number of Detached unit sales was 1,431, an increase of 10.2% over the previous month and 37.2% over the previous year. Semi-detached unit sales increased 11.4% month-over-month and 38.6% year-over-year. Row/Townhouse unit sales increased 6.7% compared to September 2024 and had 38.0% more sales than October 2023. Apartment Condominium unit sales were 43.6% higher than the previous year and 13.9% higher than in September 2024.

Total residential average prices came in at $440,089, a 0.1% decrease from September 2024, but reflecting an overall increase of 11.1% compared to October 2023. Detached homes averaged $552,954, showing no change from September 2024 but still 13.6% higher than the previous year. Semi-detached units sold for an average of $407,006, decreasing 1.5% from the previous month and up 5.6% year-over-year. Row/townhouse prices rose 4.9% from September 2024 and sit 19.0% higher than October 2023 with an average selling price of $307,854. Apartment Condominium average prices dropped 4.1% from September 2024 to $191,413, ending the month of October 6.0% lower than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA was $403,500, decreasing 0.7% from September 2024 and up 7.7% from October 2023.

“The impact of lowering interest rates is keeping us busy, with buyers taking advantage of their increased buying power,” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “The number of units sold has spiked shortly after recent interest rate announcements, and while month-to-month prices are less volatile, overall, they’re still showing a marked increase from last year.”

Detached homes averaged 38 days on the market, an increase of two days from September 2024. Semi-detached homes decreased by one day to 29 days on the market, while row/townhouses recorded no change at 35 days. Apartment condominiums averaged 45 days on the market, a decrease of three days. Overall, all residential listings averaged 37 days on the market, with no change month-over-month and a nine-day decrease compared to October 2023.

Edmonton Real Estate Fall Market Update

Thu, 26 Sep 2024 17:02:15 GMT

While sales have slowed since the summer, a yearly comparison tells a different story this Fall. As summer ends, many buyers return to the market, motivated to finalize their home purchases before the winter holidays.

Alison

Realtors Association of Edmonton, September 3, 2024: There were a total of 2,591 residential unit sales in the Greater Edmonton Area (GEA) real estate market during August 2024, an 11.8% decrease from July 2024, but still 15.8% higher than August 2023. New residential listings amounted to 3,467, down 7.0% from July 2024, and up 7.7% higher from August 2023. Overall inventory in the GEA decreased 1.2% month-over-month and is tracking 13.8% lower than August 2023.

The total number of Detached unit sales was 1,468, a decrease of 14.1% over the previous month but showing an increase of 12.5% over the previous year. Semi-detached unit sales decreased 7.0% month-over-month and showed an increase of 18.8% year-over-year. Row/Townhouse unit sales decreased 3.5% compared to July 2024 and sold 19.2% more than August 2023. Apartment Condominium unit sales were still 22.6% higher than the previous year but were down 14.5% from July 2024.

Total residential average prices came in at $435,094, a 1.2% decrease from July 2024, and a 9.1% increase from August 2023. Detached homes averaged $546,101, decreasing 1.1% from July 2024 and up from the previous year by 10.2%. Semi-detached units sold for an average of $414,526, increasing 1.9% from the previous month, and up 10.9% year-over-year. Row/townhouse prices fell 0.5% from July 2024 but are sitting 14.7% higher than August 2023 with an average selling price of $290,569. Apartment Condominium average prices dropped slightly to $203,742, a 0.3% decrease over last month and coming in 5.1% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $407,200, increasing 0.1% from July 2024, and up 7.6% from August 2023.

“The hot summer season is definitely at an end as we can see clearly from the month-over-month numbers,” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “But the yearly comparison is telling a different story. This year’s home prices have increased in double-digit percentages for most residential categories, and the market is definitely more active as the number of sales continues to be stronger as well.”

Detached homes averaged 35 days on the market, an increase of three days from July 2024. Semi-detached homes also recorded a three-day increase with 30 days on the market, and row/townhouses’ days on the market saw no change at 31 days. Apartment condominiums averaged 42 days on market, a decrease of one day. Overall, all residential listings averaged 35 days on the market, a month-over-month increase of 2 days and an 11-day decrease in comparison to August 2023.

Edmonton Realtors Market Update Summer 2024

Tue, 09 Jul 2024 20:07:18 GMT

Summer is the peak season for listings and sales activity…

Sales are slowing from last month; however, Edmonton real estate prices are holding strong.

With affordable Edmonton prices, and the recent BOC interest rates drop by .25 points on June 6th, we are still seeing strong demand for Edmonton properties.

Alison Murray

Realtors Association of Edmonton, July 2, 2024: There were a total of 2,847 residential unit sales in the Greater Edmonton Area (GEA) real estate market during June 2024, an 11.4% decrease from May 2024, but still 10.0% higher than June 2023. New residential listings amounted to 3,712, a 14.2% drop from May 2024, and 2.6% higher than June 2023. Overall inventory in the GEA increased 1.9% from May 2024, but is still 15.9% lower than June 2023.

Detached unit sales totaled 1,661, a decrease of 12.3% over the previous month, and 4.5% higher than the previous year. Semi-detached unit sales decreased 5.9% month-over-month and showed an increase of 7.4% year-over-year. Row/Townhouse unit sales also decreased 6.5% compared to May 2024 but sold 37.2% more than June 2023. Apartment Condominium unit sales were still 13.6% higher than the previous year but decreased 16.7% from May 2024.

Total residential average prices came in at $438,973, a 0.6% decrease from May 2024, and 6.6% increase from June 2023. Detached homes averaged $539,468, decreasing 1.3% from May 2024 and up from the previous year by 7.9%. Semi-detached units sold for an average of $422,321, increasing 2.0% from the previous month, and up 10.3% year-over-year. Row/townhouse prices dropped 1.5% from May 2024 and rose 12.7% from June 2023, selling at an average of $290,249. Apartment Condominium average prices hit $211,583, increasing 2.3% over last month and coming in 8.5% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $408,200, increasing 2.1% from May 2024, and 7.0% from June 2023.

“The market as a whole is at its plateau for the season,” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “We’re likely going to see the number of sales continue to decline as we approach the end of summer, but our average prices don’t seem to be declining as much. In fact, prices actually increased in the semi-detached and condo market, which could indicate those properties are attractive to investors at the moment.”

Detached homes averaged 29 days on the market, decreasing four days from May 2024. Semi-detached homes recorded a one-day decrease with 28 days on the market, and row/townhouses’ days on the market decreased two days to 25. Apartment condominiums average days on market remained at 42. Overall, all residential listings averaged 30 days on the market, a month-over-month decrease of 3 days and an 11-day decrease when compared to June 2023.

Edmonton Housing Market May 2024

Sun, 05 May 2024 19:51:15 GMT

Edmonton's spring real estate market update. Edmonton Realtors are in for a busy spring.

Edmonton Realtors Market Report April 2024

Tue, 30 Apr 2024 17:43:43 GMT

Edmonton’s real estate market numbers are an indication that Edmonton Realtors are in for a busy spring market. While we started the year with strong sales, new listings are also catching up. “It is great to see an increase of just over 30% for new listings last month, but our overall inventory is still lower than last year by 15%. “(Realtors Association of Edmonton).

Alison

Realtors Association of Edmonton, April 2, 2024: There were a total of 2,467 residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2024, showing increases of 25.6% over February 2024, and 35.7% over March 2023. New residential listings amounted to 3,597, a number 32.4% higher than in February 2024, and 8.9% higher than March 2023. Overall inventory in the GEA increased 10.7% from February 2024, but is still 15.4% lower than March 2023.

Detached unit sales totaled 1,462, an increase of 26.1% over the previous month, and 36.8% higher than the previous year. Semi-detached unit sales increased 34.9% month-over-month and showed an increase of 43.9% year-over-year. Row/Townhouse unit sales also increased 29% compared to February 2024 and 31.4% compared to the previous year. Apartment Condominium unit sales also increased 30.8% over March 2023, and 14.9% from the previous month.

Total residential average prices came in at $420,959, a 3.4% increase from February 2024, and an 8% increase from March 2023. Detached homes averaged $517,131, increasing 1.7% from February 2024 and up from the previous year by 6.7%. Semi-detached units sold for an average of $408,555, an 11.5% increase year-over-year, and a 6.1% increase from the previous month. Row/townhouse prices were up 2.5% from February 2024 and 13.9% when compared to March 2023, selling at an average of $282,557. Apartment Condominium average prices hit $194,101, increasing 7% over last month and coming in 0.6% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $392,600, increasing 2.7% from February 2024, and 4.4% from March 2023.

“It’s great to see an increase of just over 30% for new listings last month, but our overall inventory is still lower than last year by 15%.” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “Unit sales numbers are still strong, but not outpacing the new listings; they’re actually very balanced with each other and that’s positive for both buyers and sellers.”

Detached homes averaged 40 days on the market, decreasing 8 days from February 2024. Semi-detached homes averaged 35 days on the market, a decrease of 7 days from the previous month, and row/townhouses’ days on the market decreased 11 days to 34. Apartment condominiums averaged 47 days on the market, dropping 18 days from February 2024. Overall, all residential listings averaged 39 days on the market, a month-over-month decrease of 11 days and a nine-day decrease when compared to March 2023.

Edmonton Realtors Market Report February 2024

Fri, 23 Feb 2024 15:35:45 GMT

The demand for homeownership grew strongly, January's sales came in at an impressive 46.8% higher than January 2023. The key driver of the housing market is the number of people moving to Alberta.

The City of Edmonton and Canadian Real Estate Association senior economists agree, Edmonton’s real estate market is forecasted to have a strong year. With over 1.2 million new people moving to Canada last year and a number of them moving to Alberta.

If you are thinking of making a move in 2024, the early trend of strong real estate sales is an indication that we are in for a fast-moving year. Buyers should prepare by prequalify with their banks or mortgage brokers. Also, sellers to start early with a complimentary comparative market evaluation and a staging strategy.

If you have any specific questions regarding your real estate goals, please call me direct, or email me at Alison@infoEdmonton.ca to schedule a complimentary consultation.

All the best,

Alison

Realtor Association of Edmonton, February 2, 2024:

“Edmonton real estate market is off to a good start for the year, with strong sales and prices compared to last year”, says Realtors Association of Edmonton.

Total residential unit sales in the Greater Edmonton Area (GEA) real estate increase 46.8% higher than January 2023.

New residential listings are 49.3% higher than in December 2023, and 2.3% lower than January 2023.

Overall inventory in the GEA decreased 12.1% from January 2023.

January detached unit sales are up 51.0% from the previous year.

Semi-detached unit sales showed an increase of 41.0% year-over-year.

Row/Townhouse unit sales had a similar nominal increase of an increase of 31.1% from the previous year.

Apartment Condominium unit sales also saw a significant year-over-year increase coming in at 50.0% over January 2023.

Total residential average prices came in at $398,724, a 2.5% increase from December 2023, and a 7.6% increase from January 2023.

Detached homes averaged $484,365, decreasing 1.0% from December 2023 and up from the previous year by 7.3%.

Semi-detached units sold for an average of $378,421, resulting in a 6.6% increase year-over-year, and a 4.0% increase from the previous month.

Row/townhouse prices were up 2.8% from December 2023 and 8.6% when compared to January 2023, selling at an average of $268,948.

Apartment Condominium average prices hit $192,660, increasing 12.8% over last month and 1.1% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $376,700, decreasing 0.1% from December 2023, and a year-over-year increase of 2.9% from January 2023.

Edmonton Realtors Market Report December 2023

Mon, 18 Dec 2023 14:47:37 GMT

The Edmonton economy is doing particularly well with higher employment, GDP growth, oil prices, and a strong net migration. This past months Realtors Association of Edmonton statistics are also signs of a stronger housing market with November 2023 sales 28.5% higher than November 2022; and overall inventory in the Greater Edmonton Areas showed a decrease of 12.9% from November of last year.

Pricing your home is always location and product specific. If you are thinking of making a move in the coming year and would like an accurate market evaluation of your property, please reach out to us. We would love to help.

Alison

Realtors Association of Edmonton, December 4, 2023: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for November 2023 came to 1,637, decreasing from October 2023 by 9.1%, but showing an increase of 28.5% over November 2022. New residential listings amounted to 2,126, which is 20.8% lower than October 2023, and 7.9% higher than November 2022. Overall inventory in the GEA showed decreases of 14.5% from November of last year and 12.9% from October 2023.

For November, detached unit sales totalled 932, a decrease of 11.7% from October 2023, but up 22.1% from the previous year. Semi-detached unit sales were down 15.2% month-over-month but showed an increase of 21.7% from November 2022. Row/Townhouse unit sales were down 10.1% from October 2023 and up 32.4% year-over-year. Apartment Condominium unit sales saw numbers increase 55% from last year and 1.7% since October 2023.

Total residential average prices came in at $380,827, a 0.4% decrease from November 2022, and a 3.9% decrease from October 2023. Detached homes averaged $478,874, amounting to a 2.4% year-over-year increase, but a 1.6% decrease from October 2023. Semi-detached sold for an average of $362,209, resulting in a 0.3% increase year-over-year, and a 6.1% decrease from the previous month. Row/townhouse prices were up 4.8% from October 2023 and increased 12.3% when compared to November 2022, selling at an average of $271,092. Apartment Condominium average prices hit $172,024 showing decreases of 15.5% from last month and 10.5% from last year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $375,000, resulting in a decrease of 0.5% from October 2023, and a year-over-year increase of 1.5% from November 2022.

“In real estate, the rhythm of the market often shifts with the seasons. As we transition into the colder months, it’s not uncommon to witness a predictable decrease in available listings. Yet, what’s remarkable about Edmonton’s current housing landscape is the continual demand despite this seasonal ebb,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “Buyers continue their search for their dream home, eager to secure properties even amidst a tighter inventory.”

Detached homes averaged 46 days on the market, increasing three days from October 2023. Semi-detached homes averaged 39 days on the market, a decrease of eight days from the previous month, and row/townhouses showed no change, averaging 42 days on the market. Apartment condominiums averaged 54 days on the market, showing a seven-day decrease from October 2023. Overall, all residential listings averaged 46 days on the market, showing no change month-over-month and dropping by seven days in comparison to November 2022.

Edmonton Realtors Market Report September 2023

Tue, 12 Sep 2023 20:07:57 GMT

Despite higher interest rates, the Edmonton real estate market is still strong and affordable. Compared to August 2022, we are seeing stronger sales, lower inventory and prices are holding steady.

Realtors Association of Edmonton, September 1, 2023: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for August 2023 hit 2,250, increasing 21.8% compared to August 2022, dropping marginally from July 2023 by 3.1%. New residential listings were up 3.7% year-over-year from August 2022, and increasing 0.3% from July 2023. Overall inventory in the GEA was down 15.5% from August of last year, and down 2.7% from the previous month.

For August, detached unit sales were up 16.8% from August 2022 and decreased 5.8% from July 2023 at 1,311. Semi-detached unit sales were down 11.6% month-over-month but increased by 12.9% from this time last year. Row/Townhouse unit sales were up 50.0% from August 2022 and up 23.2% from July 2023. Apartment Condominium unit sales had an increase of 25.1% from August 2022, while noting a decrease of 6.9% from the previous month.

Total residential average prices came in at $397,811, a 0.5% increase from August 2022, and a drop of 2.7% from July 2023. Detached homes averaged $495,005, noting a 2.1% year-over-year increase, but a 1.4% decrease from July 2023. Semi-detached sold for an average of $373,175, resulting in a 4.3% increase year-over-year, and a decrease of 1.5% from the previous month. Row/townhouse prices were up 3.6% from August 2022 and down 4.1% month-over-month, selling at $253,345. Apartment Condominium average prices hit $192,815 showing a decrease of 1.0% from last month and an increase of 0.5% from August 2022.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $380,600, resulting in a decrease of 0.3% from July 2023, and a drop of 3.9% from August 2022.

“It’s not unusual to see a lot of activity in the market before we head into the cooler months, but it seems that buyers are sending a clear message that smaller, more affordable properties are what they want right now,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “Unit sales for all categories are up from last year, but Row/Townhouses were the clear winner selling 50% more units than the same time last year and jumping 23.2% from the previous month. Condominium Apartment units continued to perform well, with units selling 25.1% better than August of 2022.”

Detached homes averaged 45 days on the market, increasing one day from July 2023. Semi-detached homes averaged 42 days on the market, increasing seven days from the previous month, with row/townhouses averaging 44 days on the market, an increase of three days month-over-month. Apartment condominiums averaged 56 days on the market, showing a two-day decrease from July 2023. Overall, all residential listings averaged 46 days on the market, increasing by four days year-over-year and one day from July 2023.

Edmonton Realtors Market Report June 2023

Thu, 08 Jun 2023 20:02:32 GMT

Edmonton Forecasting Strong Summer Sales

After a few months of holding rate hikes, the Bank of Canada has announced a 25 basis-points increase to its benchmark interest rate, creating a serge in home and condo sales.

Historically, rate hikes stimulate sales activity as buyers rush to secure properties before the rates rise further. It's not uncommon for there to be a spike in sales during the months following a rate hike as buyers try to take advantage of the lower rates available before the increase.

Considering that the rest of Canada is facing a situation of limited supply and strong demand, Edmonton presents attractive opportunities for homebuyers. With Alberta's higher job growth and intermigration gaining momentum, Edmonton's home sale numbers are forecasted to be robust throughout the summer.

While these trends suggest a positive outlook for Edmonton’s real estate market, conditions vary from property type, price range and location. It’s always advisable to stay informed and consult with a local real estate professional for the most accurate and up to date information regarding opportunities in Edmonton.

If you or someone you know is thinking of making a move, please feel free to reach out for a complimentary market evaluation with a home preparation strategy that can set you up for success.

Have a wonderful summer!

Alison Murray

Realtors Association of Edmonton Statistic Summary , June 2, 2023:

"Edmonton Market Sees Strong Year-Over-Year Growth in Detached Average Price"

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. 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 up 10.2% from May of last year, and up 2.6% from the previous month.

For May, 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 unit sales were down 12.8% year-over-year but increased by 38.4% from April 2023. 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 Condominium unit sales also had increases of 3.7% from May 2022 and 22.2% from the previous month.

Total residential average prices hit $420,507, a 1.5% decrease from May 2022, and an increase of 2.8% from April 2023. Detached homes averaged $512,338, a 1.2% year-over-year increase and an increase of 2.3% from April 2023. Semi-detached 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. Row/townhouse prices were down both 4.3% from May 2022 and 3.1% month-over-month, selling at $253,417. Apartment Condominium average prices hit $193,218, showing decreases of 0.3% from last month and 8.1% from May 2022.

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.

“We’ve certainly seen the real estate market come to life in the month of May,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “Although small, there were improvements in the year-over-year detached average prices as well as row/townhouse and apartment condominium unit sales.

Detached homes averaged 40 days on the market, a two-day decrease from April 2023. Semi-detached homes averaged 37 days on the market, decreasing four days from the previous month, with row/townhouses averaging 42 days on the market, a decrease of three days month-over-month. Apartment condominiums averaged 56 days on market, showing no change from April 2023. Overall, all residential listings averaged 42 days on the market, increasing by 13 days year-over-year and dropping two days from April 2023.

MLS® System Activity 2023	May 2023	M/M % Change	Y/Y % Change
(for all-residential sales in GEA1)
Detached average2 selling price – month	$512,338	2.3%	1.2%
Detached median3 selling price – month	$470,000	2.7%	1.1%
Semi-detached average selling price – month	$381,968	0.8%	-0.7%
Semi-detached median selling price – month	$370,000	-1.3%	-0.9%
Row/Townhouse average selling price – month	$253,417	-3.1%	-4.3%
Row/Townhouse median selling price – month	$250,000	-5.3%	-4.2%
Apartment Condominium average selling price	$193,218	0.3%	-8.1%
Apartment Condominium median selling price	$174,900	-1.5%	-7.7%
All-residential4 average selling price	$420,507	2.8%	-1.5%
All-residential median selling price	$389,500	0.9%	-3.1%
# residential listings this month	3,918	14.2%	-17.0%
# residential sales this month	2,719	34.4%	-6.8%
# residential inventory at month end	7,101	2.6%	-5.9%
# Total5 MLS® System sales this month	3,223	34.1%	-7.5%
$ Value Total residential sales this month	$1,242,733,569	39.0%	-8.8%
$ Value of total MLS® System sales – month	$1,311,930,946	38.8%	-8.7%
$ Value of total MLS® System sales - YTD	$4,036,704,337	48.0%	-35.2%

Edmonton Realtors Market Report March 2023

Wed, 08 Mar 2023 23:26:40 GMT

Spring is here and the Edmonton real estate market is heating up!

Here are some trends:

- Migration from Ontario and British Columbia is still strong.
- Interest rates are steady.
- Single family homes are moving quickly.
- Townhouse sales are doing very well.
- Apartment style condo market is finally moving!
- February condo sales numbers were the same as in February 2022.

We have developed our Proven Buy/Sell System over the last 18 years and over 600 sales that takes the frustration out of the process.

It takes approximately 2-4 weeks to properly prepare and photograph a home for sale. If you are thinking of making a move this year, please contact us early - we would love to help.

Alison Murray
alison@infoEdmonton.ca
780.619.9812

Realtors Association of Edmonton Statistic Summary , March 2, 2023: Total residential unit 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.

For February, detached unit sales were down 50.9% from February 2022, but saw an increase of 24.4% from January 2023 at 725. Semi-detached unit sales were down 47.7% year-over-year but increased by 50% from January 2023. Row/Townhouse unit sales also decreased 33.9% year-over-year and increased 26.4% month-over-month. Apartment Condominium unit sales saw only a minimal decrease of 2.1% from February 2022 but increased 47.7% from the previous month.

Total residential average prices hit $369,286, a 13% decrease from February 2022, and a 0.2% decrease from January 2023. Detached homes averaged $459,600, a 9% year-over-year decrease and a 1.8% increase from January 2023. Semi-detached 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. Row/townhouse prices were down 4.3% from February 2022, but were up 1.4% month-over-month, selling at $251,332. Apartment Condominium average prices hit $187,325, showing both a decrease of 0.1% year-over-year and 0.8% from last month.

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.

“While numbers are not quite where they were at this time last year, we’re still seeing large percentage increases month-over-month in many of the categories,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “There’s lots to look forward to as we head into the warmer months and we’re feeling optimistic as we set our sights on the Spring market.”

Detached homes averaged 54 days on the market, an 11-day decrease from January 2023. Semi-detached homes averaged 56 days on the market, increasing six days from the previous month, with row/townhouses averaging 60 days on the market, a decrease of three days month-over-month. Apartment condominiums averaged 65 days on market, showing a large decrease of 17 days 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.

MLS® HPI Benchmark Price*	February 2023	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD⁶benchmark price	$421,800	0.8%	-5.8%
Apartment benchmark price	$178,700	1.9%	-1.3%
Townhouse benchmark price	$227,300	0.1%	-3.8%
Composite⁷ benchmark price	$371,600	0.8%	-5.9%

MLS® System Activity 2023	February 2023	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
Detached average² selling price – month	$459,600	1.8%	-9.0%
Detached median³ selling price – month	$429,000	1.5%	-8.8%
Semi-detached average selling price – month	$357,611	0.7%	-0.6%
Semi-detached median selling price – month	$363,250	4.2%	0.9%
Row/Townhouse average selling price – month	$251,332	1.4%	-4.3%
Row/Townhouse median selling price – month	$248,500	3.5%	-4.4%
Apartment Condominium average selling price	$187,325	-0.8%	-0.1%
Apartment Condominium median selling price	$172,500	5.5%	-0.9%
All-residential⁴ average selling price	$369,286	-0.2%	-13.0%
All-residential median selling price	$356,500	2.0%	-8.8%
# residential listings this month	2,579	15.1%	-12.9%
# residential sales this month	1,291	31.2%	-43.4%
# residential inventory at month end	5,686	8.9%	21.3%
# Total⁵ MLS® System sales this month	1,551	31.6%	-40.8%
$ Value Total residential sales this month	$512,082,861	31.9%	-49.6%
$ Value of total MLS^® System sales – month	$551,989,407	33.3%	-49.7%
$ Value of total MLS^® System sales - YTD	$965,459,397	133.1%	-43.4%

2023 Edmonton Housing Market Outlook

Fri, 03 Feb 2023 20:38:18 GMT

Stability for both buyers and sellers.

During 2022, the Bank of Canada raised interest rates by 4.5% in nine months. It does appear that Edmonton prices have stabilized in the second have of 2022, which leads me to believe that we will have a busy spring. Over the past 18 + years, I have guided my clients through four different market adjustments with attention to detail, market knowledge, superior marketing, and negotiation.

What is in store for 2023?

The 2023 Edmonton Real Estate Association Housing Forecast industry experts have forecasted that higher interest rates are predicted to hold for the rest of the year. Resulting in a balanced market and allowing buyers more time to shop for a homes. However, some communities have less inventory and are selling faster. There is also a shifting demand/product type in Edmonton for apartment/condos and continued growth in the luxury market.

The Canadian Real Estate Association (CREA) stated in their January 2023 Market Update, “It is the start of a turn around” with a national forecast of a 0.5%-unit sales decline in 2023 from 2022. With Canada’s immigration target to add 1.45 million people by the end of 2025. Edmonton housing market has proven to be resilient due to our support of affordable home prices, job growth, and a strong trend in migration from British Columbia and Ontario.

I believe the lowest inventory will be the first three months while sellers wait for the spring market. This is also a great time to list your home with less competition and views from serious buyers that have made purchase plans for new year.

Relentless and determination, year-over-year, I have consistently achieved over 90% sales to listing ratio. I look forward to working with past and current clients in 2023. I am never to busy to talk real estate and look forward to discussing your needs and how we can maximize your selling value.

Warmest regards,

Alison Murray

January 2023 Housing Statistics

YEG Housing Market Sees Stable Transition Into New Year

Realtors Association of Edmonton, February 2, 2023: Total residential unit 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.

For January, detached unit sales were down 32.1% from January 2022, but saw a small increase of 1.4% from December 2022 at 583. Semi-detached unit sales were down 35.9% year-over-year but increased by 2.0% from December 2022. Row/Townhouse unit sales also decreased 5.7% year-over-year and increased 10.4% month-over-month. Apartment Condominium unit sales saw no changes from January 2022 but decreased 12.9% from the previous month.

All residential average prices hit $370,068, a 6.2% decrease from January 2022, and 1.4% decrease from December 2022. Detached homes averaged $451,659, a 2.1% year-over-year decrease and a 4.2% decrease from December 2022. Semi-detached 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. Row/townhouse prices increased both 1.2% from January 2022 and 4.4% month-over-month, selling at $247,761. Apartment Condominium average prices hit $189,631, with a 5.5% increase from the previous month and a 2.3% drop year-over-year.

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.

“The Edmonton real estate market remained relatively stable from December as we transitioned into the new year,” says REALTORS® Association of Edmonton 2023 Board Chair Melanie Boles. “While many categories saw minimal decreases month-over-month, average prices for both the row/townhouse and apartment condominium categories saw increases when compared to December 2022.”

Detached homes averaged 65 days on the market, an 11-day increase from January of last year. Semi-detached homes averaged 50 days on the market, decreasing seven days year-over-year, with row/townhouses averaging 63 days on the market, an increase of five days from January 2022. Apartment condominiums averaged 82 days on market, showing only a one-day increase from last year. Overall, all residential listings averaged 66 days on the market, increasing by eight days both year-over-year and from December 2022.

MLS® HPI Benchmark Price*	January 2023	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD⁶benchmark price	$418,400	-1.2%	-3.3%
Apartment benchmark price	$175,400	-0.6%	-3.0%
Townhouse benchmark price	$227,100	-0.8%	-1.9%
Composite⁷ benchmark price	$368,800	-1.2%	-3.7%

MLS® System Activity 2023	January 2023	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
Detached average² selling price – month	$451,659	-4.2%	-2.1%
Detached median³ selling price – month	$422,500	-1.3%	-0.6%
Semi-detached average selling price – month	$355,086	-0.9%	-5.2%
Semi-detached median selling price – month	$348,650	4.1%	-4.3%
Row/Townhouse average selling price – month	$247,761	4.4%	1.2%
Row/Townhouse median selling price – month	$239,999	4.6%	3.7%
Apartment Condominium average selling price	$189,631	5.5%	-2.3%
Apartment Condominium median selling price	$163,500	0.2%	-2.1%
All-residential⁴ average selling price	$370,068	-1.4%	-6.2%
All-residential median selling price	$349,500	0.2%	-5.6%
# residential listings this month	2,297	94.8%	8.5%
# residential sales this month	986	0.2%	-25.8%
# residential inventory at month end	5,220	5.3%	13.2%
# Total⁵ MLS® System sales this month	1,179	1.9%	-26.8%
$ Value Total residential sales this month	$388,215,051	-1.7%	-30.2%
$ Value of total MLS^® System sales – month	$414,099,090	-1.7%	-31.8%
$ Value of total MLS^® System sales - YTD	$414,099,090	-96.5%	-31.8%

Edmonton Realtors Market Report January 2023

Fri, 06 Jan 2023 22:39:55 GMT

REALTORS Association of Edmonton, January 3, 2023:Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for December 2022 decreased 26.1% compared to December 2021 and decreased 22.1% from November 2022.

New residential listings were down 12.9% year-over-year from December 2021. New residential listings were also down month-over-month, decreasing 38.8% from November 2022. Overall inventory in the GEA was up 6.1% from December of last year but decreased 21.8% from November 2022.

For December, single-family home unit sales are down both 31.9% from December 2021 and 24.2% from November 2022 at 537. Condo unit sales were down 2.8% year-over-year and decreased 15.5% from November 2022. Duplex/rowhouse unit sales also decreased 41.9% year-over-year and 33.6% month-over-month.

All residential average prices are at $361,172, a 5.2% decrease from December 2021, and a 1.9% decrease from November 2022. Single-family homes averaged $457,371, a 1.0% year-over-year decrease and a 0.6% increase from November 2022. Condominiums sold for an average of $207,114, resulting in a 4.6% decrease year-over-year, with prices down 4.4% compared to November 2022. Duplex prices decreased 1.9% from December 2021, selling at $356,822, with a 0.7% decrease from November 2022.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $373,200, seeing both a 0.9% decrease from December 2021 and 0.1% from November 2022.

“The Edmonton real estate market continued to cool into the month of December as listings and sales slowed for the holiday season,” says REALTORS® Association of Edmonton Chair Paul Gravelle. “While we saw substantial changes for residential listings, sales and inventory last month, average prices for single-family homes, condos and duplex remained relatively stable both month-over-month and year-over-year."

Single-family homes averaged 52 days on the market, a six-day increase from December of last year. Condos averaged 70 days on the market, increasing five days year-over-year, while duplexes averaged 47 days on the market, with no change being reported from December 2021. Overall, all residential listings averaged 58 days on the market, increasing by six days both year-over-year and from November 2022.

*The MLS® Home Price Index (HPI) is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices. It is designed to be a reliable, consistent, and timely way of measuring changes in home prices over time. You can find more information on the following pages.

MLS® HPI Benchmark Price*	December 2022	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD²benchmark price	$423,300	0.0%	-0.3%
Apartment benchmark price	$176,500	0.7%	-3.0%
Townhouse benchmark price	$229,000	0.4%	-0.6%
Composite⁷benchmark price	$373,200	-0.1%	-0.9%

MLS® System Activity 2022	December 2022	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD²average³selling price – month	$457,371	0.6%	-1.1%
SFD median⁴selling price – month	$425,000	-0.8%	0.5%
Condominium average selling price	$207,114	-4.4%	-4.6%
Condominium median selling price	$190,000	1.1%	0.0%
All-residential⁵average selling price	$361,172	-1.9%	-5.2%
All-residential median selling price	$340,000	-4.2%	-5.0%
# residential listings this month	1,211	-38.8%	-12.9%
# residential sales this month	973	-22.1%	-26.1%
# residential inventory at month end	5,018	-21.8%	6.1%
# Total⁶MLS® System sales this month	1,157	-25.5%	-30.7%
$ Value Total residential sales this month	$366,645,549	-23.9%	-30.6%
$ Value of total MLS® System sales – month	$421,123,803	-28.0%	-34.4%
$ Value of total MLS® System sales - YTD	$11,824,904,951	3.6%	-1.8%

Edmonton Realtors Market Report August 2022

Thu, 08 Sep 2022 15:05:57 GMT

The softening in the market, characterized by an increase in inventory, and a less urgency overall, has given buyers the chance to catch their breath, while sellers are adjusting to new market realities. Buyers can feel a bit more at ease in making informed decisions, as well as include reasonable conditions in their offer. The bidding wars and purchasing frenzy is over as we notice a more steady and consistent market trend.

The Edmonton market is still healthy, and stats are continuing to favor the sellers with overall residential unit sales decreasing only -8.3% compared to July 2022 and year-over-year decrease of -12% . Overall, it is important to keep in mind that Alberta has a lot of positives. High net migration, tech and renewables are industries that are ramping up, keeping our unemployment rates at an all time low.
A seller’s market is temporary. When a seller is ready to sell and move on to their next home, there is no time like the present for predictability since markets in Alberta are forever shifting. The very best way to stay current on local real estate trends is to have a candid conversation with a REALTOR and not to make the mistake of trying to time the market. If you are thinking of making a move, please reach out to me with any questions to help you get prepared. Fall is a beautiful time to have your home photographed.

Alison Murray
780-619-9812
alison@infoedmonton.ca

Edmonton Housing Marketing Sees Cooling in August

Realtors Association of Edmonton | September 2, 2022: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market decreased 8.3% compared to July 2022 and saw a year-over-year decrease of 12.0% from August 2021.

New residential listings decreased 10.5% month-over-month from July 2022 but saw a small increase of 0.9% from August of last year.

Single-family home unit sales were down both 17.0% from August 2021 and 10.8% from July 2022 at 1,034. Condo unit sales saw an increase of 5.8% from August 2021 but were down 1.5% from July 2022. Duplex/rowhouse unit sales were down both 22.7% year-over-year and 15.0% from last month.

Single-family homes averaged $469,757, a 1.8% year-over-year increase and a month-over-month decrease of 4.1%. Condominiums sold for an average of $220,051, seeing a small decrease of 3.3% year-over-year and 4.2% when compared to July 2022. Duplex prices increased 1.5% from August 2021, selling at $360,570, but saw a 3.3% decrease from July 2022.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $399,300, a 4.3% increase from August 2021, with a small decrease of 2.8% recorded from July 2022.

“While we continue to see the Edmonton real estate market cooling down after a record-breaking period earlier this year, there is still a fair amount of activity happening in the resale market,” says REALTORS® Association of Edmonton Chair Paul Gravelle. “Although we’ve seen average prices decrease month-over-month across the board, single-family home prices are still above average from this time last year.”

Single-family homes averaged 37 days on the market, seeing an increase of four days from July 2022. Condos averaged 54 days on the market, increasing by two days month-over-month, while duplexes averaged 37 days on the market, a three-day increase compared to last month. Overall, all residential listings averaged 42 days on the market, increasing by three days month-over-month, with no change recorded when compared to August 2021.

MLS® HPI Benchmark Price*	August 2022	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD²benchmark price	$451,600	-3.0%	4.6%
Apartment benchmark price	$187,400	-1.2%	-0.1%
Townhouse benchmark price	$250,700	-0.7%	7.6%
Composite⁷ benchmark price	$399,300	-2.8%	4.3%

MLS® System Activity 2022	August 2022	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD² average³ selling price – month	$469,757	-4.1%	1.8%
SFD median⁴ selling price – month	$435,000	-2.8%	3.6%
Condominium average selling price	$220,051	-4.2%	-3.3%
Condominium median selling price	$199,900	-5.7%	-7.0%
All-residential⁵ average selling price	$376,859	-5.5%	-2.1%
All-residential median selling price	$360,000	-5.0%	-1.4%
# residential listings this month	3,157	-10.5%	0.9%
# residential sales this month	1,809	-8.3%	-12.0%
# residential inventory at month end	7,922	-4.8%	-0.5%
# Total⁶ MLS® System sales this month	2,294	-6.7%	-11.1%
$ Value Total residential sales this month	$723,910,831	-12.9%	-13.2%
$ Value of total MLS® System sales – month	$870,764,299	-12.3%	-12.9%
$ Value of total MLS® System sales - YTD	$9,403,788,721	10.1%	7.5%

Edmonton Realtors Market Report June 2022

Sun, 05 Jun 2022 22:33:50 GMT

June 1st The Bank of Canada has raised its interest rate by 50 basis points, marking its second consecutive oversized hike – and third overall increase this year – as the central bank grapples with inflation that currently sits at a 30 year high. The 0.5% increase to that benchmark rate brings it to 1.5%, the latest step in the Bank’s efforts to get consumer price growth under control.

There are still many great opportunities for sellers with strong sales and good selection for buyers with interest rates still around 4%. The market is constantly changing and if you, or anyone you know are thinking of making a move, please reach out to me with any questions to help you get prepared.

Alison Murray
780-619-9812
alison@infoedmonton.ca

Housing Market Sees Cooling in the Month of May

Realtors Association of Edmonton | June 2, 2022: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market decreased 1.6% compared to April 2022, yet saw a year-over-year increase of 4.4% from May 2021.

For May, single-family home unit sales were down 3.4% from May 2021, but increased 1.9% from April 2022 at 1,736. Condo unit sales increased 28.6% from May 2021 but were down 9% from April 2022. Duplex/rowhouse unit sales were up 5.8% year-over-year yet decreased 1.4% month-over-month.

Single-family homes averaged $492,037, a 5.7% year-over-year increase and a month-over-month decrease of 3.7%. Condominiums sold for an average of $239,011, seeing a decrease of 1.2% year-over-year, with only an increase of 0.3% when compared to April 2022. Duplex prices increased 10.5% from May 2021, selling at $395,783, resulting in a 3.3% decrease from April 2022.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $417,300, a 9.2% increase from May 2021, with no change being recorded from April 2022.

“We’re starting to see a slow down of the real estate market in the Greater Edmonton Area as we head into the early days of summer,” says REALTORS® Association of Edmonton Chair Paul Gravelle. “While we continue to see a lot of activity in the market, we’re not seeing as big of month-to-month changes for pricing, sales and days-on-market that we did earlier this year.”

Single-family homes averaged 23 days on the market, seeing no change from April 2022. Condos averaged 44 days on the market, decreasing by one day month-over-month, while duplexes averaged 25 days on the market, a one-day increase compared to last month. Overall, all residential listings averaged 29 days on the market, decreasing by four days year-over-year and down two days as compared to April 2022.

MLS® System Activity 2022	May 2022	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD² average³ selling price – month	$492,037	-3.7%	5.7%
SFD median⁴ selling price – month	$455,000	-2.4%	7.1%
Condominium average selling price	$239,011	0.3%	-1.2%
Condominium median selling price	$220,000	-0.2%	-3.0%
All-residential⁵ average selling price	$410,276	-1.9%	2.2%
All-residential median selling price	$392,000	-1.4%	4.5%
# residential listings this month	4,711	2.1%	13.1%
# residential sales this month	2,857	-1.6%	4.4%
# residential inventory at month end	7,546	16.7%	-5.5%
# Total⁶ MLS® System sales this month	3,500	-1.5%	0.1%
$ Value Total residential sales this month	$1,240,729,073	-2.5%	7.4%
$ Value of total MLS® System sales – month	$1,443,019,875	-3.5%	2.3%
$ Value of total MLS® System sales - YTD	$6,254,967,410	29.7%	17.8%

Edmonton Realtors Market Report April 2022

Fri, 15 Apr 2022 21:00:12 GMT

All indicators promise that our Spring real estate buying season will be on overdrive during the first quarter. We are experiencing multiple offers and many homes selling on only a few days.

Whether buying or selling, Real estate is about making smart investment decisions and you need to be prepared and educated in a fast-moving market.

I am happy to talk to you about whether buying or selling makes sense or not for your situation.

Alison Murray
780-619-9812
alison@infoedmonton.ca

Home Sales Forecast to Ease but Remain Historically Strong

Realtors Association of Edmonton | April 4, 2022: March sees large number of listings hit the market. Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2022 increased 45.4% compared to February 2022 and increased 34.7% from March 2021. New residential listings increased both 7.6% year-over-year and 47.7% month-over-month from February 2022.

For March, single-family home unit sales are up 21.2% from March 2021 and up 37.7% from February 2022 at 1,920. Condo unit sales increased 67.1% from March 2021 and were up 62.9% from February 2022. Duplex/rowhouse unit sales were up 54.2% year-over-year and increased 45.1% month-over-month.

Single-family homes averaged $503,711, a 9.9% year-over-year increase and a month-over-month increase of 2.0%. Condominiums sold for an average of $245,070, seeing an increase of 6.7% year-over-year as well as an 8.4% increase compared to February 2022. Duplex prices increased 11.8% from March 2021, selling at $389,321, a 3.8% increase from February 2022.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $369,700, a 9.4% increase from March 2021, and up 4.5% from February 2022.

“The Greater Edmonton and Area market continues to surprise us as we enter into what is normally the start of the busy season of real estate,” says REALTORS® Association of Edmonton Chair Paul Gravelle. “Although we are seeing slightly lower increases for average sale prices across all categories, there has been a huge increase in the number of listings hitting the market as well the number of sales in the month of March.”

Single-family homes averaged 27 days on the market, a 15-day decrease from February 2022. Condos averaged 51 days on the market, decreasing by 10 days month-over-month, while duplexes averaged 29 days on the market, a 13-day decrease compared to last month. Overall, all residential listings averaged 34 days on the market, decreasing by eight days year-over-year and down 13 days as compared to February 2022.

.

MLS® System Activity 2022	March 2022	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD² average³ selling price – month	$503,711	2.1%	9.9%
SFD median⁴ selling price – month	$468,075	1.7%	11.4%
Condominium average selling price	$245,070	8.4%	6.7%
Condominium median selling price	$225,000	3.4%	7.1%
All-residential⁵ average selling price	$414,788	0.7%	5.9%
All-residential median selling price	$395,000	2.6%	7.6%
# residential listings this month	4,298	47.7%	7.6%
# residential sales this month	3,283	45.4%	34.7%
# residential inventory at month end	5,265	10.0%	-21.5%
# Total⁶ MLS® System sales this month	3,877	47.5%	27.1%
$ Value Total residential sales this month	$1,414,258,676	48.0%	42.2%
$ Value of total MLS® System sales – month	$1,622,688,341	41.4%	35.0%
$ Value of total MLS® System sales - YTD	$3,329,996,076	89.7%	32.8%

Edmonton Realtors Market Report February 2022

Mon, 14 Feb 2022 22:17:00 GMT

It doesn’t look like our market is going to slow down any time soon. It will come to a stop. We don’t know when. Here is what we do know…

Demand is incredible with people taking advantage of the low interest rates and the Alberta economy strengthening. We see people moving into province, locals moving up and down, and investors. Supply is tighter for some product at the moment, but we forcast that inventory will double in the next few month with last years inventory that did not sell coming back on to the market. Compared to some of the other areas in Canada, we don't have the same supply issues. Starting in March, interest rates are scheduled to go up from 3% to 4%, by a .25 point at 3xs this year, which in turn has forecasted to slow sales down to the tail end the year.

(Source: RBC Senior Vice-President & Chief Economist, Craig Wright. Growth prospects and risks in the Alberta economy presentation Februray 16, 2022).

Alison Murray
780-619-9812
alison@infoedmonton.ca

2022 Sales Are Starting Off Strong - Up 14.4%

Realtors Association of Edmonton | February 2, 2022: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2022 increased 1.5% compared to December 2021 and increased 14.4% from January 2021.

New residential listings decreased 8.9% year-over-year from January 2021. However, new residential listings are up month-over-month, increasing 55.7% from December 2021. Overall inventory in the GEA was down 14.8% from January of last year but increased 5.0% from December 2021.

For January, single-family home unit sales are up 10.0% from January 2021 and up 3.5% from December 2021 at 811. Condo unit sales increased 21.6% from January 2021 and decreased 0.9% from December 2021. Duplex/rowhouse unit sales were up 19.1% year-over-year and down 3.0% month-over-month.

All residential average prices are at $376,923, a 1.1% decrease from December 2021, and a 3.5% increase from January 2021. Single-family homes averaged $445,932, a 4.3% year-over-year increase and a 3.6% decrease from December 2021. Condominiums sold for an average of $224,566, a 3.7% increase year-over-year, and prices are up 3.5% compared to December 2021. Duplex prices increased 11.1% from January 2021, selling at $382,471, a 5.4% increase from December 2021.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $416,000, a 6.1% increase from January 2021, and up 1.2% from December 2021.

“The Edmonton real estate market in January saw a slight decrease in all residential listings from January 2021, our month-over-month activity increased substantially since December 2021,” says REALTORS® Association of Edmonton Chair Paul Gravelle. “While we have predicted to see sales decrease in 2022, we are expecting prices to increase marginally as move to a seller’s market.”

Single-family homes averaged 51 days on the market, an eight-day decrease from January of last year. Condos averaged 73 days on the market, with no change recorded year-over-year, while duplexes averaged 52 days on the market, an 18-day decrease compared to January 2021. Overall, all residential listings averaged 57 days on the market, decreasing by eight days year-over-year and increasing by five days as compared to December 2021.

MLS® System Activity 2022	Jan. 2022	M/M % Change	Y/Y % Change
(for all-residential sales in GEA1)
SFD2 average3 selling price – month	$445,932	-3.6%	4.3%
SFD median4 selling price – month	$420,000	-0.8%	6.3%
Condominium average selling price	$224,566	3.5%	3.7%
Condominium median selling price	$192,000	1.1%	-1.2%
All-residential5 average selling price	$376,923	-1.3%	3.5%
All-residential median selling price	$365,000	2.0%	4.4%
# residential listings this month	2,162	53.2%	-8.9%
# residential sales this month	1,337	1.4%	14.4%
# residential inventory at month end	4,719	5.0%	-14.8%
# Total6 MLS® System sales this month	1,615	-3.6%	6.9%
$ Value Total residential sales this month	$526,681,554	-0.8%	18.4%
$ Value of total MLS® System sales – month	$625,279,987	-2.9%	10.9%
$ Value of total MLS® System sales - YTD	$625,279,987	-94.8%	10.9%

1 Greater Edmonton Area (Edmonton and municipalities in the four surrounding counties)

Edmonton Realtors Market Report July 2021

Sun, 22 Aug 2021 22:58:41 GMT

While real estate markets are cooling nationally, we are still seeing an increase in all residential sales activity in Edmonton. With Edmonton’s affordable housing prices, along with low interest rates which are predicated to rise in 2022, we are anticipating stronger fall sales activity than normal.

Alison Murray
780-619-9812
alison@infoedmonton.ca

Realtors Association of Edmonton | August 3, 2021:

Unit sales in the Greater Edmonton Area (GEA) real estate market for July 2021 increased 2.1% compared to July 2020 and decreased 18.9% from June 2021.

New residential listings are up year-over-year, increasing 9.3% from July 2020. However, new residential listings are down month-over-month, decreasing 16.9% from June 2021. Overall inventory in the GEA was down 0.5% from July of last year and decreased 0.1% from June 2021.

For July, single-family home unit sales are down 2.1% from July 2020 and down 20.9% from June 2021 at 1,325. Condo unit sales increased 11% from July 2020 and decreased 19.6% from June 2021. Duplex/rowhouse unit sales were down 1.1% year-over-year and down 14.2% month-over-month.

All residential average prices are at $389,756, a 5.4% increase from July 2020 and down 2.1% from June 2021. Single-family homes averaged $466,091, a 6.8% year-over-year increase and a 1.3% decrease from June 2021. Condominiums sold for an average of $240,096, a 6.7% increase year-over-year, and prices are down 0.8% compared to June 2021. Duplex prices increased 7.6% from July 2020, selling at $357,064, which was a 0.5% increase from June 2021.

The MLS® Home Price Index (HPI) composite benchmark price* in the Greater Edmonton Area leveled out at $349,600, a 7.2% increase from July 2020, and down 0.2% from June 2021.

“The Edmonton market in July saw a balance in residential unit sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “The year-over-year residential unit sales were only slightly higher than July of last year, while we have started to see the monthly activity cool as we get later into the summer season. Pricing has also begun to balance – with nominal year-over-year increases and little change in month-over-month figures. We are still witnessing a strong market, with some balanced activity for July.”

Single-family homes averaged 33 days on the market, a 16-day decrease from July of last year. Condos averaged 54 days on the market, a 9-day decrease year-over-year, while duplexes averaged 37 days on the market, an 18-day decrease compared to July 2020. Overall, all residential listings averaged 39 days on the market, decreasing by 15 days year-over-year and increasing by three days compared to June 2021.

*The MLS® Home Price Index (HPI) is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices. It is designed to be a reliable, consistent, and timely way of measuring changes in home prices over time. You can find more information on the following pages.

MLS® HPI Benchmark Price*	July 2021	M/M % Change	Y/Y % Change
(for all-residential sales in GEA1)
SFD2 benchmark price	$420,100	-0.1%	8%
Apartment benchmark price	$185,900	-0.2%	1.3%
Townhouse benchmark price	$212,500	-0.5%	3.8%
Composite7 benchmark price	$349,600	-0.2%	7.2%

MLS® System Activity 2021	July 2021	M/M % Change	Y/Y % Change
(for all-residential sales in GEA1)
SFD2 average3 selling price – month	$466,091	-1.3%	6.8%
SFD median4 selling price – month	$425,000	-0.2%	5.9%
Condominium average selling price	$240,096	-0.7%	6.7%
Condominium median selling price	$222,000	-0.4%	8.3%
All-residential5 average selling price	$389,756	-2.1%	5.4%
All-residential median selling price	$366,500	-1.2%	4.7%
# residential listings this month	3,446	-16.9%	9.3%
# residential sales this month	2,208	-18.9%	2.1%
# residential inventory at month end	8015	-0.1%	-0.5%
# Total6 MLS® System sales this month	2,763	-20.0%	2.0%
$ Value Total residential sales this month	$900,375,906	-21.4%	7.6%
$ Value of total MLS® System sales – month	$1,078,390,947	-21.2%	7.4%
$ Value of total MLS® System sales - YTD	$7,755,975,057	16.1%	93.6%

1 Greater Edmonton Area (Edmonton and municipalities in the four surrounding counties)
2 Single-family Dwelling
3 Average: The total value of sales in a category divided by the number of properties sold
4 Median: The middle figure in an ordered list of all sales prices
5 Residential includes SFD, condos, duplex/row houses and mobile homes
6 Includes residential, rural and commercial sales
7 Includes SFD, condos, duplex/row houses and mobile homes

Edmonton Realtors Market Report March 2021

Mon, 12 Apr 2021 22:03:15 GMT

Realtors Association of Edmonton | April 5, 2021:

In summary, year-to-date, condo sales are up +48%, compared to 2020; single family home sales are up +81%. Condo new listings are up +26%; single family home new listings are up +17%, over 2020. Single family home prices are up +4.6% , and condo prices have held relatively steady at -0.5%.

Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for March 2021 increased 109.9% compared to March 2020 and increased 52.8% from February 2021. The number of new residential listings is up year over year, increasing 51.6% from March 2020. New residential listings are also up month over month, increasing 55.7% from February 2021. Overall inventory in the GEA fell 13.4% from March of last year and increased 11.5% from February 2021.

For March, single-family home unit sales are up 118.2% from March 2020 and up 53.5% from February 2021 at 1,586. Condo unit sales increased 79.6% from March 2020 and increased 51.9% from February 2021.

All residential average prices are up to $391,219, a 13.7% increase from March 2020, and up 3.5% from February 2021. Single-family homes sold for an average of $457,936, a 13.3% year-over-year increase from March 2020, and a 4.6% increase from February 2021. Condominiums sold for an average of $229,690, an 5.2% increase year-over-year, and prices are down 0.5% compared to February 2021. Duplex prices increased 11.1% from March 2020, selling at $348,280 which was a 1.5% increase from February 2021.

“The Edmonton market in March saw a significant increase in year-over-year residential unit sales as well as month-to-month sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to March of last year as well as last month. It is important to keep in mind what we experienced last March with the global pandemic and provincial lockdowns as it relates to the impact on year-over-year numbers. With that said, we are still witnessing a very strong start to the spring market.”

Single-family homes averaged 37 days on the market, a 17-day decrease from March of last year. Condos averaged 53 days on the market, a 13-day decrease year-over-year, while duplexes averaged 39 days on market, a 29-day decrease compared to March 2020. Overall, all residential listings averaged 42 days on market, decreasing by 18 days year-over-year and decreasing by 10 days compared to February 2021.

Edmonton Realtors Market Report February 2021

Sat, 13 Feb 2021 14:54:43 GMT

Sales have increase 47.1% over last year!

The real estate market in 2020 showed resiliency and finished the year with an increase in sales and decrease in inventory. Total residential unit sales in the Greater Edmonton Area (GEA)* real estate market for January 2021 increased 47.1% compared to January 2020 and increased 5.9% from December 2020. The number of new residential listings is up year over year, increasing 8% from January 2020. New residential listings are up month over month, increasing 87.9% from December 2020. Overall inventory in the GEA fell 17% from January of last year and increased 5% from December 2020.

For the month of January, single family home unit sales are up 50.1% from January 2020 and up 8.5% from December 2020 at 737. Condo unit sales increased 43.8% from January 2020 and increased 2.7% from December 2020.

All residential average prices are up to $364,040, a 3.7% increase from January 2020, and up 0.4% from December 2020. Single family homes sold for an average of $427,677, a 3.2% year-over-year increase from January 2020, and a 0.4% decrease from December 2020. Condominiums sold for an average of $216,757, a 6.1% increase year-over-year, and prices are down 0.5% compared to December 2020. Duplex prices increased 1.6% from January 2020, selling at $344,400, which was a 4% decrease from December 2020.

“The Edmonton market in January saw an increase in year-over-year residential unit sales as well as month-to-month sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to January of last year, while we’ve seen an increase in month over month sales for single-family homes and condos and a decrease in duplex rowhouse sales. We are encouraged to see this kind of activity at the start of the year, which is typically a slower time in the real estate market, and especially in the current economic climate.”

Single family homes averaged 59 days on the market, a 14-day decrease from January of last year. Condos averaged 73 days on the market, a 10-day decrease year-over-year, while duplexes averaged 70 days on market, a 15-day decrease compared to January 2020. Overall, all residential listings averaged 65 days on market, decreasing by 14 days year-over-year and increasing by 7 days compared to the previous month.

MLS® System Activity 2021	January 2021	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD² average³ selling price – month	$427,677	-0.4%	3.2%
SFD median⁴ selling price – month	$395,000	-1.2%	2.9%
Condominium average selling price	$216,757	-0.5%	6.1%
Condominium median selling price	$195,000	1.6%	4.0%
All-residential⁵ average selling price	$364,040	0.4%	3.7%
All-residential median selling price	$349,500	2.8%	4.3%
# residential listings this month	2400	87.9%	8.0%
# residential sales this month	1171	5.9%	47.1%
# residential inventory at month end	5255	5.0%	-17.0%
# Total⁶ MLS® System sales this month	1,515	8.4%	56.2%
$ Value Total residential sales this month	$445,155,516	6.3%	53.7%
$ Value of total MLS® System sales – month	$564,765,261	12.7%	61.7%
$ Value of total MLS® System sales - YTD	$564,765,261	-92.8%	63.8%

MLS® HPI Benchmark Price*	January 2021	M/M % Change	Y/Y % Change
(for all-residential sales in GEA¹)
SFD²benchmark price	$388,900	0.0%	4.0%
Apartment benchmark price	$174,800	-1.6%	-6.0%
Townhouse benchmark price	$210,900	-0.9%	0.2%
Composite⁷ benchmark price	$326,500	-0.2%	2.5%

Edmonton Realtors Market Stats January 2021

Sun, 10 Jan 2021 20:58:14 GMT

The REALTORS® Association of Edmonton reported excellent year-over-year results for December 2020. Sales are up 31% year-over-year and months of inventory has dropped 36%. Q2 2020 sales fell -27.7% year-over-year. We saw an immediate rebound in Q3 with a 21.3% increase in sales year-over-year and a 27.3% increase year-over-year in Q4. Total sales in 2020 outperformed 2019 slightly by 2.6% with a total of 17,076.

For the month of December, single family home unit sales are up 26.44% from December 2019 and down 24.64% from November 2020 at 679. Condo unit sales increased 34.90% from December 2019 and decreased 18.30% from November 2020.

All residential average prices are up to $362,447, a 2.61% increase from December 2019, and down 3.77% from November 2020. Single family homes sold for an average of $428,900, a 4.24% year-over-year increase from December 2019, and a 2.32% decrease from November 2020. Condominiums sold for an average of $217,843, a 3.68% decrease year-over-year, and prices are down 5.57% compared to November 2020. Duplex prices increased 1.84% from December 2019, selling at $331,034, which was a 2.00% decrease from November 2020.

“The Edmonton market in December saw an increase in year-over-year unit sales, compared to a decrease in month-to-month sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of single-family homes, condos and duplexes compared to December of last year, while we’ve seen decreasing month over month sales in all markets, which is typical for this time of year. Total year-to-date residential sales for 2020 came in at 17,036 – a 2.94% increase compared to 2019.”

Single family homes averaged 53 days on the market, an 11-day decrease from last year. Condos averaged 62 days on the market, a 15-day decrease from last year, while duplexes averaged 57 days on market, an 18-day decrease compared to December 2019. Overall, all residential listings averaged 58 days on market, decreasing by 11 days year-over-year and increasing by 4 days compared to the previous month.

* Effective January 1, 2021, the REALTORS® Association of Edmonton will be using the term Greater Edmonton Area (GEA) to replace Edmonton CMA (Census Metropolitan Area). This change is intended to reduce confusion with the term Comparative Market Analysis. The geographic area remains the same – only the terminology has changed.

MLS® System Activity 2020	December 2020	M/M % Change	Y/Y % Change
(for all-residential sales in GEA1)
SFD2 average3 selling price – month	$428,900	-2.40%	4.24%
SFD median4 selling price – month	$400,000	0.00%	7.56%
Condominium average selling price	$217,843	-5.57%	-3.68%
Condominium median selling price	$192,000	-8.13%	-7.02%
All-residential5 average selling price	$362,447	-3.77%	2.61%
All-residential median selling price	$340,000	-3.41%	3.47%
# residential listings this month	1,290	-29.59%	-0.15%
# residential sales this month	1,107	-20.65%	31.47%
# residential inventory at month end	5,005	-19.34%	-17.29%
# Total6 MLS® System sales this month	1,397	-20.44%	42.70%
$ Value Total residential sales this month	$418,963,034	-23.46%	37.41%
$ Value of total MLS® System sales – month	$501,277,219	-25.41%	43.50%
$ Value of total MLS® System sales - YTD	$7,858,344,852	6.75%	9.22%

( REALTORS® Association of Edmonton)

Realtors Association of Edmonton September 2020 Housing Market Stats

Thu, 15 Oct 2020 18:03:12 GMT

Pent-up demand, and home is more important than ever: Residential Unit Sales up 35.55% compared to September 2019.

Most buyers who had planned to purchase in the spring put their plans on hold during March, April and May. More people are now becoming comfortable resuming their search, due to lifting restrictions, more safety precautions, and 3D home tours. Due to the pent-up demand and record low interest rates, the Edmonton real estate market saw an increase in sales this summer, which carried right into September.

While the market hasn't yet settled into a 'new normal', and the pandemic has had a severe impact on oil prices and employment, spending time in a home you love is more important than ever.

Good news: The numbers of purchases are back in line with previous years. However, some sub-markets have varied with pricing from last year.

See the full REALTORS Association of Edmonton report below for September's stats.

Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for September 2020 increased 35.55% compared to September 2019 and decreased 0.21% from August 2020. The number of new residential listings is up year over year, increasing 10.37% from September 2019. New residential listings are up month over month, increasing 5.90% from August 2020. Overall inventory in the Edmonton CMA fell 15.15% from September of last year and decreased 4.04% from August 2020.

For the month of September, single family home unit sales are up 42.79% from September 2019 and stayed the same as August 2020 at 1,188. Condo unit sales increased 7.26% from September 2019 and decreased 2.21% from August 2020.

All residential average prices are up to $376,571, a 7.14% increase from September 2019, and up 0.54% from August 2020. Single family homes sold for an average of $440,020, a 4.73% year-over-year increase from September 2019, and a 0.11% increase from August 2020. Condominiums sold for an average of $232,237, a 6.74% increase year-over-year, and prices are up 1.34% compared to August 2020. Duplex prices dropped 0.89% from September 2019, selling at $340,519, which was a 0.58% decrease from August 2020.

“The Edmonton market has seen an increase in year-over-year unit sales, compared to a slight decrease in month to month sales,” says REALTORS® Association of Edmonton Chair Jennifer Lucas. “There have also been more sales of single-family homes, condos and duplexes compared to September of last year, while we’ve seen stable or decreasing month over month sales in all markets, which is typical for this time of year. Single family home pricing increased 4.73%, duplexes are down 0.89%, and condos are up 6.74% year-over-year.”

Single family homes averaged 47 days on the market, a twelve-day decrease from last year. Condos decreased to an average of 65 days on the market while duplexes averaged 52 days on market, a fifteen-day decrease compared to September 2019. Overall, all residential listings averaged 53 days on market, decreasing by 10 days on market year-over-year and one day compared to the previous month.

Edmonton, October 2, 2020:

MLS® System Activity 2020	September 2020	M/M % Change	Y/Y % Change
(for all-residential sales in Edmonton CMA¹)
SFD²average³ selling price – month	$440,020	0.11%	4.79%
SFD median⁴ selling price – month	$400,000	-2.44%	4.79%
Condominium average selling price	$232,327	1.34%	6.74%
Condominium median selling price	$218,000	1.40%	9.00%
All-residential⁵ average selling price	$376,571	0.54%	7.14%
All-residential median selling price	$353,000	-0.62%	7.56%
# residential listings this month	2,981	5.90%	10.37%
# residential sales this month	1,872	-0.21%	35.55%
# residential inventory at month end	7,248	-4.04%	-15.15%
# Total⁶ MLS^® System sales this month	2,386	0.00%	39.04%
$ Value Total residential sales this month	$736,447,527	0.30%	44.80%
$ Value of total MLS^® System sales – month	$880,354,871	-0.09%	46.05%
$ Value of total MLS^® System sales - YTD	$5,887,591,108	17.49%	1.28%

(REALTORS ASSOCIATION OF EDMONTON MEDIA RELEASE)

Realtors Association of Edmonton May 2020 Housing Market Stats

Sun, 07 Jun 2020 21:07:52 GMT

Residential Unit Sales Up 54.27% from last month.

Edmonton, June 2, 2020: The REALTORS® Association of Edmonton reported great numbers in May with month-over-month, sales reached 1157, a 54.3% increase over April 2020 and year-over-year over all inventory decreased 18% from May 2019 and an increased of 7.22% from April 2020.

Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for May 2020 decreased 41.51% compared to May 2019. New residential listings are up month over month, increasing 58.83% from April 2020. Overall inventory in the Edmonton CMA fell 18.63% from May of last year.

For the month of May, single family home unit sales are down 38.70% from May 2019 and up 60.08% from April 2020. Condo unit sales decreased 54.47% from May 2019 and increased 28.14% from April 2020.

All residential average prices are down to $353,953, a 4.04% decrease from May 2019, and up 0.11% from April 2020. Single family homes sold for an average of $412,329, a 4.49% year-over-year decrease from May 2019, and a 0.52% increase from April 2020. Condominiums sold for an average of $204,365, a 14.20% decrease year-over-year, and prices are down 8.77% compared to April 2020. Duplex prices dropped 2.82% from May 2019, selling at $325,252, which was a 1.38% decrease from April 2020.

“The Edmonton market experienced a significant decrease in year-over-year unit sales, with some downward impact on pricing,” says REALTORS® Association of Edmonton Chair Jennifer Lucas. “Of course, with COVID-19 and the social distancing measures currently in place, this type of market decline is not surprising. There have been significantly fewer sales of single family homes, condos and duplexes than in May of last year. Residential unit sales in May rose sharply relative to April. With COVID-19 restrictions slowly being lifted, I am cautiously optimistic that the market may be starting to move back toward normalized levels of activity. It is too early to draw any definitive conclusions but we will be monitoring developments closely.”

Single family homes averaged 60 days on the market, a seven-day increase from last year. Condos averaged 77 days on the market, an eight-day increase from last year, while duplexes averaged 63 days on market, a seven-day decrease compared to May 2019. Overall, all residential listings averaged 66 days on market, a 10% increase year-over-year, and increased by two days compared to the previous month.
REALTORS® Association of Edmonton.

New CMHC Rules

Effective July 1, 2020, The Canada Mortgage and Housing Corp. (CMHC) says it will no longer allow home buyers to use borrowed funds for their down payment, will require a higher credit score from at least one borrower and will lower the threshold for how much debt applicants can carry compared to their income. CMHC’s new debt-ratio policy will lower home buyers’ purchasing power roughly 11 per cent compared to what would have been able to buy before the new rules.

The last time that CMHC made changes to the qualifying rules we had the busiest January we saw in a decade. What this means to the Edmonton real estate market is that it is going to be VERY BUSY up to July 1^st.

With the relaunch of hosting open houses we see another example of how well we are doing with keeping the Covid numbers way down and I want to thank everyone for doing your part. If you have any questions about the forecast, or specific questions about buying or selling an Edmonton condo or home, please feel free to reach out to me via email or call me direct. It is never too early to get prepared for a successful sale or purchase.

We are here to help!

Alison Murray, B.Comm, REALTOR
REMAX REAL ESTATE
C. 780.619.9812
E. Alison@infoEdmonton.ca

Comments:

Edmonton Realtor COVID-19 Real Estate Services

Tue, 19 May 2020 22:08:05 GMT

COVID-19 EDMONTON REAL ESTATE SERVICES

Edmonton Realtors are taking every precaution to minimize the risk of exposure as we continue to assist buyers and sellers. Here are some protocals and important information from Real Estate Council of Alberta (RECA) that we have passed on to our clients to .help reduce the spread of illness.

We have noticed a slowdown in the market over the past month and a half, but we are still working with buyers and getting offers. It is our priority to get your home sold and although volume is down, sales are still happening.

Showing Tips For Sellers and Buyers

1. Sellers and buyers are requesting health and recent travel information from potential buyers and their professionals before any showing to give the seller an indication of any risk. Buyers and sellers are obligated to either be truthful or simply decline to answer. Seller that they have no duty to show the property if they are uncomfortable with any presented risk* (RECA).

2. If you have become ill or must self-quarantine please inform your agent as soon as possible. In this instance, the Realtors Association of Edmonton requires a temporary withdrawal of your listing from the MLS system. A typical withdrawal would last 10 days, but we are allowing a longer temporary period. During a temporary withdrawal, the total “Days On Market” does not increase. The number of “Days On Market” will begin again once the listing is active again on the market. If you require a temporary withdrawal, please let your agent know so they can put together the necessary documents. (RECA).

3. Set out obligations and procedures for viewings and home inspections in writing.

4. We create a marketing video showing a tour of the house to reduce the number of viewings.

5. We offering a virtual video tour so that you can consider only allowing viewings for serious buyers.

6. Making viewings conditional on buyer’s and their representatives wearing nitrile gloves, masks, or the use of anti-microbial, alcohol-based hand sterilizer, depending on the availability of these items. Remember the viewing terms may be subject to negotiation between the parties, and may be impacted by the availability of gloves, masks, etc.

7. Please leave all lights on, blinds and window coverings open, and interior doors left open before a showing.

8. Please do not be present for showings.

9. Remember to disinfect all door knobs, and switches after the showing.

10. If your home is being photographed for listing purposes, please note that photographers will not proceed if the home owner is present. They also will not switch on any lights, lamps or fireplaces, or pick up or move any miscellaneous items left out. Homes will be photographed as-is, so please take extra time to prepare. Our stagers can walk you through the items that need to be addressed.

11. Real estate professionals should not enter into new seller representation agreements that include hosting of open houses until the risk of COVID-19 spread is reduced and government lifts COVID-19 restrictions (virtual open houses are not impacted by this) (RECA).

12. We use electronic signatures for signing documents.

13. You can conduct financial transactions and real estate closings electronically.

14. If in person meetings are required, maintain a safe distance of at least six feet (two meters) at all times for viewings and inspections:

a. take steps to limit the surfaces people will need to touch

b. require all visitors to wear gloves and masks, if available.

Please reach out if you’d like more information on how COVID-19 is affecting the Edmonton Real Estate Market. And please, stay strong and safe.

Alison Murray, B.Comm

Remax Real Estate

C. 780.619.9812

E. Alison@infoEdmonton.ca

Realtors Association of Edmonton April 2020 Housing Market Stats

Tue, 05 May 2020 20:28:16 GMT

Realtors Association Edmonton real estate stats are out for the month of April 2020 and as expected we are seeing the effects of social distancing. Home sales and listings down amid COVID-19, new tools and practices emerge to help buyers and sellers adapt.

“The Edmonton market experienced a significant decrease in year-over-year unit sales, with some downward impact on pricing,” says REALTORS® Association of Edmonton Chair Jennifer Lucas. “Of course, with the outbreak of COVID-19 and the social distancing measures currently in place, this type of market decline is not surprising. There have been significantly fewer sales of single family homes, condos and duplexes than in April of last year. Single family home pricing decreased 4.14%, duplexes are down 0.30%, and condos are down 2.42% year-over-year.”

Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for April 2020 decreased 55% compared to April 2019 and decreased 35.68% from March 2020.

The number of new residential listings is down year over year, decreasing 46.37% from April 2019. New residential listings are down month over month, decreasing 30.66% from March 2020. Overall inventory in the Edmonton CMA fell 19.65% from April of last year and decreased 0.15% from March 2020.

For the month of April, single family home unit sales are down 55.39% from April 2019 and down 34.53% from March 2020. Condo unit sales decreased 58.77% from April 2019 and decreased 42.01% from March 2020. Single family homes averaged 58 days on the market, a three-day increase from last year. Condos stayed the same as last year at 71 days on the market while duplexes averaged 74 days on market, a seven-day increase compared to April 2019. Overall, all residential listings averaged 64 days on market, a 6.67% increase year-over-year, and increased by four days compared to the previous month.

All data from REALTORS Association of Edmonton

While selling activity has been cut in half, people are still buying and selling. We have also been spending this past month providing complimentary selling consultations and helping clients prepare their homes for sale. And over the past week we have seen dramatic increase on online views of our Google business page and property listings.

If you find yourself in a position where you do need to sell in the near future –we will do everything we can to navigate you through this time and together start developing a plan that best suits your needs and your specific property. With your best interest in mind, we will get in front of the market and get you the most out of your home.

We are here to help!

Alison Murray, B.Comm, REALTOR
REMAX REAL ESTATE
C. 780.619.9812
E. Alison@infoEdmonton.ca

Realtors Association of Edmonton March 2020 Housing Market Stats

Wed, 08 Apr 2020 22:54:08 GMT

Edmonton’s housing market saw steady home buyer demand to begin March and a leveling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.

Many of the sales recorded in March were in process before the provincial government declared a state of emergency.

“The Edmonton market prices have declined in March and we saw a slight decrease in year-over-year unit sales,” says Realtors® Association of Edmonton Chair Jennifer Lucas. “Of course, with the outbreak of a global pandemic and a hard hit to Alberta’s oil and gas sector, this type of market slowing is not surprising. There have been fewer sales of single family homes, condos and duplexes than in March of last year. Single family home pricing decreased -4.64%, duplexes are down -6.28%, and condos are up +2.50% year-over-year.”

The Realtors Association of Edmonton reported that all residential home sales in the region Edmonton Census Metropolitan Area (CMA) for March 2020 decreased -2.59% compared to March 2019, and increased +10.31% from February 2020. For the month of March single family home sales were down -2.02% from March 2019, and up +13.59% from February 2020. Condo sales decreased -2.04% from March 2019 and increased +1.41% from February 2020.

All residential average prices were down -3.78 % from March 2019, and down -1.97% from February 2020. Average single family home prices saw a -4.64 % decrease from March 2019, and a -5.13% decrease from February 2020. Condominiums sold for an average of $218,613, a +2.50% increase year-over-year, and prices were up +2.87% compared to February 2020.

All data from REALTORS Association of Edmonton

Realtors were named among the province’s list of essential services. This means that we have a responsibility to do what we can to help residents meet their housing and shelter needs while strictly following the most up-to-date public health orders and physical distancing requirements from our health officials and government agencies. We are trying to work with them to address these needs in the safest and most responsible way possible with home buying and selling protocols.

With physical distancing, it is important to minimize visits to your home in order to minimize the risk of infection for you and others. The following are recommended options from the Real Estate Council of Alberta (RECA) and Alberta Health Services for you to consider:

using video or 3D tours to create a virtual viewing opportunity in lieu of having an open house, or to limit viewings to serious buyers

screening potential buyers before scheduling viewings—ask about their health and recent status to determine the risk

placing conditions such as a need to wear masks and gloves

create a plan for disinfecting your home after every showing

Every buyer and sellers’ situation is different. If you are planning on making a move in the next year, please contact me directly with any questions you have. As a REMAX Edmonton Realtor, I have over 15 years’ experience in creating successful selling and buying strategies in both increasing and declining markets. And, I am hear to help!

Warmest regards,

Alison Murray, B.Comm, REALTOR

REMAX REAL ESTATE

C. 780.619.9812

E. Alison@infoEdmonton.ca

Edmonton Realtors Association 2020 Real Estate Forecast – By Alison Murray Edmonton Realtor– Cautiously Optimistic

Tue, 18 Feb 2020 14:11:57 GMT

Since I began my career as an Edmonton Realtor 15 years ago, I have been attending our annual Realtors Association of Edmonton Forecast. These sessions are valuable because senior economists project key economic indicators that could influence our Edmonton Housing market this coming year.

Overall, the Senior Economist for the City of Edmonton, Felicia Mutheardy, and Chief Economist with Alberta Treasury Board and Finance, Catherine Rothrock, both stated that some of the fears around trade with China and low oil prices have died down since the beginning of 2019 and there are stronger market indicators that have created a reason for optimism. However, 2020 is still a year to be cautious. Below is a list of Edmonton Real Estate Market Strengths and Challenges for the up and coming year.

Market Strengths for 2020

Edmonton will lead with strong GDP growth 2.7%
Lower interest rates
Slightly lower housing inventory
Manufacturing exports are increasing
Migration of 20,000 people to Edmonton area (mostly international)
Residential vacancy rates have dropped

Market Challenges for 2020

Mortgage stress test eroding buyers purchasing power
Potential provincial job cuts in the public sector
Unemployment rate
Pipeline delays
Oil Prices

What Alison Murray, Edmonton Realtor Predicts for 2020 Edmonton Real Estate Market

Edmonton Realtors are seeing a reduction in inventory coming on the market and a slight increase in sales. This is a nice trend, because it looks like prices will stabilize.

2020 is projected to be a buyer’s market again, similiar to 2019, with no projected price increase until the economy improves. First-time and foreign buyers are expected to drive demand in 2020. This could even lead to price increases in certain types of homes, such as 2-storey detached, luxury and infill homes. Foreign buyers who previously flocked to Vancouver are now looking at the Edmonton real estate market for value in the coming years (RE/MAX 2019, Edmonton Housing Market Outlook).

Seller’s advice is hang in there, sales were slower around Christmas and the new year. Good news is homes aren’t losing their value as rapidly, and demand is increasing. If you are priced right; and presented and promoted well, you will sell!

Edmonton Realtors Association of Edmonton Forecasted 2020 Real Estate Statistics.

	Listings Forecast	Sales Forecast	Prices Forecast
Single Family	-0.2%	+0.6%	+0.4%
Condo	+1.1%	+0.6%	+0.2%
Duplex	+0.4%	+1.4%	+0.3%

If you are thinking of buying or selling in 2020, please reach out to me early so I can help you tailor a plan for your success!

Alison Murray B.Comm.

Edmonton Realtor

Condo and Home Specialist

Edmonton Realtors Market Update - December 2019

Tue, 17 Dec 2019 23:54:46 GMT

MLS LISTINGS ARE DOWN.

December is also a good time to analyse our past year real estate stats and forecast the year ahead. “The Edmonton market prices remain stable with a decrease in year-over-year residential listings. Our market has been down over the last number of years and we haven't seen a significant increase in the market, and we're not anticipating a significant increase soon," says REALTORS® Association of Edmonton Chair Michael Brodrick.

Key highlights:

Median Condo price is down -1.19%, Year-Over-Year
Median Single Family Home price is up +1.62%, Year-Over-Year
Number of Total Inventory is down -9.31%, Year-Over-Year
Total Number of Total Sales is down -1.27% , Year-Over-Year

Single Family Homes saw almost the same number of sales over this time last year, total of 663 sales in Novevember 2019 vs 704 sales in November 2018! Although this is a positive sign, it was still down 15.8% from December 2015. We're happy to see SFH listings are down, a total of 18,439 SFH in December 2019 vs 20,035 SFH in December 2018.

Apartment/Condo WOW! a 33% gain in November 2019 with 297 sales compared to 264 sales in November 2018. However, still down 21% compared to December 2015. Still very positive news coupled with inventory level almost the same as December 2018.

Stay tuned for our February 2020 Real Estate News, featuring the highlights from the 2020 Realtors Housing Forecast Seminar. This will include predictions for Edmonton’s housing marketing from our Association, City of Edmonton’s Chief Economist and CMHC Chief Economist.

If you are considering selling your home in 2020, please reach out to me early on so that we can make your home sale ready in this competitive market. If you are thinking of buying, we can provide a lot of information on the market including the inventory...is down NEARLY10%.

Happy Holidays!

Alison Murray, B.Com, Realtor
Cell: (780) 619-9812

Email: Alison@infoEdmonton.ca

MLS® System Activity 2019	November 2019	M/M % Change	Y/Y % Change
SFDaverage selling price – month	$420,650	-0.07%	0.24%
SFD median selling price – month	$388,200	1.70%	1.62%
Condominium average selling price	$228,113	0.14%	3.37%
Condominium median selling price	$207,500	-1.19%	-1.19%
All-residential average selling price	$353,838	0.08%	-2.33%
All-residential median selling price	$333,000	0.91%	-3.48%
# residential listings this month	1,860	-22.47%	-12.59%
# residential sales this month	1,101	-17.47%	-0.36%
# residential inventory at month end	7,300	-7.86%	-9.71%
# Total MLS^® System sales this month	1,318	-19.04%	-1.27%
$ Value Total residential sales this month	402,993,495	-18.14%	-4.12%
$ Value of total MLS^® System sales – month	462,399,935	-19.68%	-4.33%
$ Value of total MLS^® System sales - YTD	6,851,845,148	7.19%	-3.58%

¹ Census Metropolitan Area (Edmonton and municipalities in the four surrounding counties)

² Single Family Dwelling³Average: The total value of sales in a category divided by the number of properties sold⁴Median: The middle figure in an ordered list of all sales prices⁵ Residential includes SFD, condos and duplex/row houses⁶ Includes residential, rural and commercial sales

Sources:

REALTORS Association of Edmonton

https://edmonton.ctvnews.ca/home-prices-drop-again-in-edmonton-benchmark-lowest-in-six-years-report-1.4688007

What Home Sellers Are Looking For In A Realtor

Sat, 20 Apr 2019 20:44:03 GMT

When you are thinking of selling your home this spring, you may be considering, “What should I look for in an Edmonton Realtor?” The National Association of Realtors (NAR) conducted an in-depth survey that provides insight to help you prioritize what you should be looking for. As well, please compare my personal experience from 15 years of successfully selling Edmonton homes and the research – I consistently sell 95% of all the homes I list.

In order of most important, here are the requirements that sellers look for in their Realtors.

#1) Sellers need their Realtor to find a buyer for their property – 28%.

Having their Realtor find a buyer for their home is the #1 priority for sellers. Currently the Edmonton real estate market has high inventory of many homes for sale, which puts sellers in competition for fewer buyers. Finding an Edmonton real estate agent that will market your home is critical for targeting the right buyer.

In addition to showcasing your home on high ranking national and international web sites, we use invovative marketing strategies that include high-tech services professional social media that targets specific demographics in a geographic location to reach buyers. Within the first 48 hours of advertising a property, your home will receive approximately 7, 000 views and 1,600 clicks directly to the property details on Alison’s web site from people nearby who may be interested in your property. These online views result in buyers contacting Alison to view your home.

Other marketing services that are also of no extra charge to our clients are professional HDR photography (including twighlight photography), professional community Youtube videos, and 3D walk throughs.

#2) Sellers need their homes sold in a certain timeframe – 27%.

Some sellers may have more time than others to get their homes sold, but everyone has a timeframe. The success of having your home selling sooner or later is highly related to the expert services your Realtor provides.

#3) Sellers would like their property accurately priced – 17%.

Home sellers don’t want an exaggerated listing price, but instead want a comprehensive market analysis along with honesty on how different price points will produce different results. It is important to find an experienced Edmonton Realtor who knows your area and product, and has the knowledge to accurately and competitively price your home.

#4) Sellers would like suggestions to fix up their home for a higher return – 12%.

With so many homes for sale in the Edmonton market, it is critical that your property looks its best. A Realtor who has a unrivaled eye for detail and a network of professionals, will ensure your home looks attractive to your target audience. This will greatly increase your chances of attracting a qualified buyer and selling your home faster, often for more money. We agree that having your property look its best is a MUST. We offer a range of preperation services for your home such as expert guidance with improvements, decluttering, interior decorating, partial or full staging, and virtual staging.

#5) Sellers require assistance with paperwork, inspections and settlement – 7%.

There are many situations where details can fall through the cracks if your realtor lacks experience or is too busy. A good example is with the handling of the buyer’s conditions to the sale including a thorough condo document review and inspection. Buyers more often than not have questions and concerns with these items therefore having a Realtor who is competent and available (not spread too thin with too many clients) to deal with these items is important to the completion of your sale.

#6) Sellers would like their Realtor to negotiate and deal with buyers – 5%.

It was surprising that this did not come higher on the list. If your Realtor snags a buyer because they did a great job with preparing your home, pricing your property correctly and marketing it effectively, but lacks the EXPERIENCE, KNOWLEDGE, SKILL and TIME to help with negotiation, you could lose the only good offer you had while your property was in the market, or leave money on the table.

What does this mean for sellers in the Edmonton real estate market?

According to the research, home sellers value marketing strategies that bring buyers, preparing your home for sale, solid pricing, and the ability to handle any conditions and negotiations. This research can serve as a useful guide in today’s housing market.

As an Edmonton Realtor, I consistently sell all the homes that I list every year (Edmonton Realtor’s Association Sales-to-Listing Ratio of 31% for 2018). We would be committed and honoured to help you sell and/or purchase your home.

https://infoedmonton.ca/home-evaluation.html

Alison Murray, BCom
Remax Real Estate

Alison@infoEdmonton.ca
780-619-9812

****

“2018 Profile of Home Buyers and Sellers” conducted by The National Association of Realtors.

Inspired by James Kimmons’s article “What Sellers Want from Their Real Estate Agent”

Copy Right Alison Murray 2019

Edmonton Real Estate Market for December 2018

Thu, 03 Jan 2019 22:09:21 GMT

While it has been a challenging year, I still sold 95% of all of my listings!

The latest statistics are out from the REALTORS ASSCOCIATION OF EDMONTON for the month of December 2018.

Key highlights to take away:

Median Condo price is down -3.10%, Y/Y
Median Single Family Home price is up +0.66%, Y/Y
Number of Total Inventory is up +9.69%, Y/Y
Number of Total Sales is down -19%, Y/Y

In summary, the Chair of the association has said "it was a challenging market for both buyers and sellers, and it apprears 2019 will be similar".

Visit www.infoEdmonton.ca for the 2019 Realtors Housing Forecast Seminar summary.

Please feel free contact me any specific question you may have. Call 780-619-9812, or email at Alison@infoEdmonton.ca.

Alison Murray, BCom

November Edmonton Real Estate Market Update

Thu, 09 Nov 2017 17:59:04 GMT

Every season brings a change to the Edmonton real estate market and the autumn months are no different. Edmonton realtor stats are showing fewer unit sales while the average residential price in October for the Edmonton Census Metropolitan Area (CMA) is up 1.72% year-over-year.

“Inventory is still higher than average, which has given buyers a larger selection and more time to make their choice,” Mabey said. “We will likely see average days on market grow as long as the inventory remains higher than last year.”

Total listings are up 10.68%, providing a greater supply, while sales are down 3.85% which indicates a lower demand.

Edmonton Real Estate Market Stats

There were 7,691 MLS listed properties sold in October, which is a decrease of 7.11% from last month, September 2017, and an increase of 7.7% from October 2016.
New listings in October decreased -15.64% compared to last month, September 2017, and increased 10.68% compared to last year, October 2016.
The all residential average unit sale price was $370,484, which is an increase of 0.06%% compared to last month, September 2017.

Edmonton Single Family Homes and Duplexes / Rowhouses

Single family homes averaged at $431,654, which is an increase of 0.23% compared to last month, September 2017.
Single family home average selling price increased 1.44% compared to October 2016.
The DOM for single family homes increased up to 55 days in October from 53 days in September.
Duplexes and rowhouses average price was $340,740, which is down 0.55% compared to last month, September 2017.
The duplex/rowhouse average selling price increased 1.15% compared to October 2016.

Edmonton Condo Market Stats

326 condos were sold in October compared to last month, September 2017, when 355 units were sold.
In October 2017, Edmonton condos averaged at $242,887, which is a decrease of 3.74% compared to last month, September 2017.
The condo average selling price decreased 0.45% compared to October 2016.

Avg. Selling Price	October 2017	M/M % Change	Y/Y% Change
SFDs	$431,654	0.23%	1.44%
Duplexes/rowhouses	$340,740	-0.55%	1.15%
Condo	$242,887	-3.74%	0.45%

Thinking of selling your condo or home?

If you are thinking about selling your home now, or in 2018, be sure to consult with an Edmonton Realtor early on to help you prepare for the best-selling results. Find someone who knows your market so that you are priced right, who can give staging advice, and who will professionally market your home until it is sold.

Please call or email me if you need any help!

Alison Murray, BCom

Remax Real Estate
Direct: 780-619-9812
Email: Alison@InfoEdmonton.ca

Edmonton Real Estate Unit Sales Increase 25% in May

Mon, 05 Jun 2017 21:25:26 GMT

Edmonton Real Estate Market Update – April Prices Are Up!

Sat, 27 May 2017 21:37:00 GMT

Spring is in full gear and so is the Edmonton real estate market. Edmonton Realtors are expecting a promising season with an increase in inventory levels, unit volumes and prices.

“Average monthly prices across all categories have increased,” says James Mabey, REALTORS® Association of Edmonton Chair. “Despite slightly slower April sales, the spring buying season is off to a solid start.”

“Inventory levels and unit volumes continues to increase as the weather warms, which is typical for the market at this time of year,” says Mabey.

Edmonton Listings, Sales and Prices

There were 3,164 MLS listed properties sold in April, which is an increase of 2.73% from last month, March 2017, and is a decrease of 2.65% from April 2016.
New listings in April increased 2.73% compared to last month, March 2017, and decreased 2.65% compared to last year, April 2016.
Average prices are increasing in all categories compared to last month, March 2017.
The all residential average unit sale price was $377,774, which is an increase of 1.64% compared to last month, March 2017.
Total Residential Listings YTD 8,091.

Edmonton Single Family Homes and Duplexes / Rowhouses

Single family homes averaged at $439,438, which is an increase of 0.07% compared to last month, March 2017.
Single family home average selling price increased 0.03% compared to April 2016.
The DOM for single family homes decreased from 50 days in March to 48 days in April.
Duplexes and rowhouses average price was $357,815, which is an increase of 2.58% compared to last month, March 2017.
The duplex/rowhouse average selling price increased 4.97% compared to April 2016.
The DOM for duplexes/rowhouses increased from 62 days in March to 64 days in April.

Edmonton Condos

398 condos were sold in April compared to last month, March 2017, when 389 units were sold.
In April 2017, Edmonton condos averaged at $257,740, which is an increase of 6.23% compared to last month, March 2017.
The condo average selling price increased 2.32% compared to April 2016.
Edmonton condos are selling faster – the DOM decreased from 67 days in March to 60 days in April.

Average Selling Price	April 2017	M/M % Change	Y/Y% Change
SFDs	$439,438	0.07%	0.03%
Duplexes/rowhouses	$357,815	4.97%	2.58%
Condo	$257,740	6.23%	2.32%

Days On Market	April 2017	March 2017	April 2016
SFDs	48 days	50 days	50 days
Duplexes/rowhouses	64 days	62 days	61 days
Condo	60 days	67 days	59 days
Average	57 days	60 days	57 days

Thinking of selling?

Spring is a prime time to put your house on the market. If you are ready to sell, be sure to contact an agent who knows your market so that you are priced right. Find someone who can help prepare your home for sale and who will professionally market your home until it is sold.

Call or email me if you need any help!

Alison Murray
780-619-9812

Alison@InfoEdmonton.ca

April Edmonton Real Estate Report – Spring is Sprouting New Listings and Sales

Tue, 11 Apr 2017 15:11:31 GMT

The new season is bringing signs of life in the outdoors as well as in the Edmonton real estate market for Edmonton realtors. The Edmonton Real Estate Board released its quarterly report last week and things are looking promising.

“We generally see activity in the housing market start to increase at this time of year,” says James Mabey, REALTORS® Association of Edmonton Chair. “Buyers can look forward to more inventory to choose from and sellers can count on more buyers in the marketplace.”

“It is promising to see positive movement in the condo market. We have seen a large increase in both new and resale inventory, so it is good to see sales starting to follow suit,” says Mabey.

Edmonton Listings, Sales and Prices

There were 1,474 MLS listed properties sold in March which is an increase of 31.8 % from last month, February 2017, as well as an increase of 1.8% from March 2016.
New listings in March reached 3,080 which was an increase of 26.7% compared to last month, February 2017, and an increase of 1.4% in March 2016.
Average prices are increasing in all categories compared to last month, February 2017.
The all residential average unit sale price was $371,680 which is an increase of 3.1% compared to last month, February 2017.

Edmonton Single Family Homes and Duplexes/Rowhouses

Single family homes averaged at $439,139 which is an increase of 3% compared to last month, February 2017.
Single family home average selling price increased 0.49% compared to March 2016.
The DOM for single family homes decreased from 58 days in February to 50 days in March.
Duplexes and rowhouses average price was $348,806 which is an increase of 0.41% compared to last month, February 2017.
The duplex/rowhouse average selling price increased 3.2% compared to March 2016.
The DOM for duplexes/rowhouses decreased from 80 days in February to 67 days in March.

Edmonton Condos

389 condos were sold in March compared to last month, February 2017 when 357 units were sold.
In March 2017, Edmonton condos averaged at $242,632, which is an increase of 3.86% compared to last month, February 2017.
Edmonton condos are selling faster – the DOM decreased from 74 days in February to 67 days in March.

Avg. Selling Price	March 2017	M/M % Change	Y/Y% Change
SFDs	$439,139	3.04%	0.49%
Duplexes/rowhouses	$348,806	0.41%	3.20%
Condo	$242,632	3.86%	-3.11%

Days On Market	March 2017	February 2017	March 2016
SFDs	50 days	58 days	49 days
Duplexes/rowhouses	67 days	80 days	62 days
Condo	67 days	74 days	58 days
Average	57 days	65 days	53 days

Thinking of selling this spring?

Be sure to contact an agent who knows your market so that you are priced right. Find someone who can help prepare your home for sale and who will professionally market your home until it is sold.

Call or email me if you need any help!

Alison Murray
780-619-9812

Alison@InfoEdmonton.ca

www.InfoEdmonton.ca

February Edmonton Real Estate Report - Unit Sales Up 19%

Fri, 10 Feb 2017 21:14:19 GMT

As an Edmonton realtor, I’m seeing positive signs for our real estate market in 2017. According to the Edmonton Real Estate Board, unit sales of all residential listings were up 19% compared to January 2016.

Prices did experience a slight decrease over all categories, but remained fairly stable. Compared to January 2016, condominium prices increased 8.7% and duplex/row houses increased 8%. Single family home prices remained rather stable with an average of $416,859.

“2017 has started strong, with an increase in year over year unit sales and prices remaining stable,” said James Mabey, REALTORS® Association of Edmonton Chair. “While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”

Total inventory at the end of January 2017 is 5,594. This is a decrease of 2.7% compared to January 2016, but increased 7.4% relative to last month in December 2016. While the overall listings for January more than doubled compared to December 2016, from 1,067 to 2,185, they are lower than last year, this time with a decreased year-over-year by 7.6% from January 2016.

January 2017 Statistics

	Single Family Homes	Condos
Average Price	$416,859	$246,727
Median Price	$390,000	$228,000
DOM	68	82

If you are planning on selling, this would be a good time to do so. Currently there is a demand with lower inventory than there will be in the spring.

Thinking of selling? Be sure to contact an agent who knows your market so that you are priced right. Find someone who can help prepare your home for sale and who will market your home until it is sold.

Source: Realtors Assocation of Edmonton

Call me if you need any help!

Alison Murray
780-619-9812

The Real Value of Miracle Homes

Thu, 02 Feb 2017 17:46:57 GMT

Being an Edmonton Realtor is more than helping people buy and sell homes – it’s also about giving back to the community. One of my favourite ways to do this is to make all of my listings a Miracle Home.

What is a Miracle Home? It is a house on the market that when sold, a part of the sale is donated to the Children’s Miracle Network. You can recognize a Miracle Home by the yellow balloon and purple teddy bear on the For Sale sign.

The Children’s Miracle Network is a non-profit that raises funds for 170 children’s hospitals across Canada and the United States. The Children’s Miracle Network distributes the donations to local member hospitals to provide funds to help save and improve the lives of millions of children.

As a RE/MAX Realtor, I was surprised to know that only RE/MAX provides Miracle Homes and is also Canada’s largest contributing sponsor to the Children’s Miracle Network, donating more than $64 million to this great cause.

In Edmonton, RE/MAX Realtors’ support goes specifically to the Stollery Children’s Hospital. In 2016, Edmonton RE/MAX realtors and home owners donated $450,000, and since 1992 they have donated more than $5 million!

The Stollery Children’s Hospital provides specialized and acute care for children of all ages from premature babies to older teens throughout Western Canada. The Stollery is a leader in saving lives and providing remarkable treatment for children who are critically ill or injured. Each year the Stollery cares for more than 215,000 patients. Donations provide state-of-the-art equipment, research funds, training opportunities, in-hospital programs for kids to play like kids again, and so much more. Miracle Homes improve the lives of children in our community by providing them with world-class care when they need it most.

There are countless stories of how the lives of children and their families are greatly improved because of the care they receive at the Stollery Children’s Hospital. Samantha Roth is one parent who shares, “When Liam was 16 months old he was diagnosed with Type 1 diabetes at another hospital where the care he received was confusing and slow. When we moved to Edmonton and transferred his care to the Stollery, they went above and beyond our expectations. They take the time to listen to our concerns and are extremely supportive. If we ever moved away from Edmonton, I would keep Liam’s care at the Stollery and drive hours and hours for his appointments.”

Since the Stollery Children’s Hospital greatly improves the lives of numerous children, I’m going to continue to sell homes with the yellow balloon and purple teddy bear on the For Sale sign so that miracles will continue to happen.

If you are thinking of selling in the near future, please feel free to contact me to discuss your goals.

I am here to help!

Alison Murray

780-619-9812

Real Estate Investment Network Optimistic About Edmonton

Mon, 23 Jan 2017 13:40:13 GMT

Edmonton has been sailing through relatively calm waters during Alberta’s economic meltdown, but there could be choppy days ahead, real estate specialist Don Campbell said Tuesday.

Edmonton realtor news...

Edmonton Realtor 2017 Forecast

Thu, 05 Jan 2017 23:25:42 GMT

The Realtors Association of Edmonton released its 2017 housing forecast yesterday. Below is a summary of 2016 MLS statistics and a few forecasted trends for 2017: See full report here.

MLS® System Activity for December 2016

December 2016		M/M % Change	Y/Y % Change
SFD average selling price – month	$420,962	-4.43%	-0.86%
SFD median selling price – month	$392,250	-0.44%	1.88%
Condominium average selling price	$247,647	2.52%	-0.53%
Condominium median selling price	$228,000	6.05%	-5.00%
All-residential average selling price	$357,916	-4.09%	-2.27%
All-residential median selling price	$340,944	-1.82%	-1.18%
# residential listings this month	1,067	-41.53%	-16.51%
# residential sales this month	716	-26.79%	0.42%
# residential inventory at month end	5,208	-19.80%	2.40%
# Total6 MLS® System sales this month	931	-26.64%	0.22%

Edmonton Realtors Association 2017 Forecast

Realtor’s Association of Edmonton Chair, James Mabey forecasts that sales of residential homes will remain stable in 2017. Single family home unit sales and average prices only slightly dropped in 2016. Unit sales for single family homes are predicted to decline approximately 1.7% in 2017 and prices are also predicted to decline 2.2%. Inventory for single family homes will stay higher than the last few years.

Condominium sales are only expected to drop by 3.8%, but unit sales are anticipated to grow by 0.2%. Inventory is expected to grow by 1.1%

If you have any other questions about specific product, or any other real estate questions, please feel free to email at Alison@InfoEdmonton.ca, or call me directly at 780-619-9812.

Alison

Edmonton Realtor Market Update

Edmonton Real Estate Market Update: April 2026 — My Take as a 22‑Year Edmonton REALTOR®

Edmonton Realtors 2025 Market Review

Edmonton Realtors Year in Review: 2026 Real Estate Outlook

Why 2026 Looks Bright For Edmonton, AB

Planning Your Next Move

Data by Property Type

Edmonton Realtors Market Update October 2025

Edmonton Realtors Fall Market Report 2025

Edmonton Market Update: Why Fall is Still a Great Time to Sell.

Edmonton Realtors Mid-Year Market Report July 2025

Realtors see growing options for buyers with strong prices for sellers

Edmonton Realtors Market Report June 2025

Emerging Edmonton Real Estate Market Trend

Edmonton Realtors Market Report May 2025

A Strong 1st Quarter 2025, Prairies Hold Steady

Edmonton Realtors Market Report April 2025

The Greater Edmonton Area real estate market is showing strong activity this spring. An increase in new listings is giving buyers more options. However, home prices continue to rise.Market Highlights

Edmonton Realtors Market Report March 2025

Real estate in the Greater Edmonton Area showing signs of spring thaw

Edmonton Real Estate Market February 2025

Edmonton housing demand continues to trend upwards as 2025 begins

2025 Realtors Association of Edmonton Forecast

Low inventory sets stage for continued seller’s market

Interest Rate Cuts Impacts Edmonton Real Estate Market Sales

Edmonton Real Estate Fall Market Update

Edmonton Realtors Market Update Summer 2024

Edmonton Housing Market May 2024

Edmonton Realtors Market Report April 2024

Edmonton Realtors Market Report February 2024

Edmonton Realtors Market Report December 2023

Edmonton Realtors Market Report September 2023

Despite higher interest rates, the Edmonton real estate market is still strong and affordable. Compared to August 2022, we are seeing stronger sales, lower inventory and prices are holding steady.

Edmonton Realtors Market Report June 2023

Edmonton Forecasting Strong Summer Sales

"Edmonton Market Sees Strong Year-Over-Year Growth in Detached Average Price"

Edmonton Realtors Market Report March 2023

2023 Edmonton Housing Market Outlook

Stability for both buyers and sellers.

January 2023 Housing Statistics

Edmonton Realtors Market Report January 2023

Edmonton Realtors Market Report August 2022

Edmonton Realtors Market Report June 2022

Edmonton Realtors Market Report April 2022

Edmonton Realtors Market Report February 2022

Edmonton Realtors Market Report July 2021

Edmonton Realtors Market Report March 2021

Edmonton Realtors Market Report February 2021

Edmonton Realtors Market Stats January 2021

Realtors Association of Edmonton September 2020 Housing Market Stats

Realtors Association of Edmonton May 2020 Housing Market Stats

Residential Unit Sales Up 54.27% from last month.

New CMHC Rules

Edmonton Realtor COVID-19 Real Estate Services

COVID-19 EDMONTON REAL ESTATE SERVICES

Showing Tips For Sellers and Buyers

Realtors Association of Edmonton April 2020 Housing Market Stats

Realtors Association of Edmonton March 2020 Housing Market Stats

Edmonton Realtors Association 2020 Real Estate Forecast – By Alison Murray Edmonton Realtor– Cautiously Optimistic

What Alison Murray, Edmonton Realtor Predicts for 2020 Edmonton Real Estate Market

Edmonton Realtors Association of Edmonton Forecasted 2020 Real Estate Statistics.

Edmonton Realtors Market Update - December 2019

What Home Sellers Are Looking For In A Realtor

Edmonton Real Estate Market for December 2018

November Edmonton Real Estate Market Update

Edmonton Real Estate Market Stats

Edmonton Single Family Homes and Duplexes / Rowhouses

Edmonton Condo Market Stats

Thinking of selling your condo or home?

Edmonton Real Estate Unit Sales Increase 25% in May

Edmonton Real Estate Market Update – April Prices Are Up!

April Edmonton Real Estate Report – Spring is Sprouting New Listings and Sales

Edmonton Listings, Sales and Prices

Edmonton Single Family Homes and Duplexes/Rowhouses

Edmonton Condos

Thinking of selling this spring?

February Edmonton Real Estate Report - Unit Sales Up 19%

The Real Value of Miracle Homes

Real Estate Investment Network Optimistic About Edmonton

Edmonton Realtor 2017 Forecast

The Greater Edmonton Area real estate market is showing strong activity this spring. An increase in new listings is giving buyers more options. However, home prices continue to rise.

Market Highlights