Interest Rate Impacts Adding Pressure to Edmonton Market, Moving Back Further into "Seller's Market"!

With October matching July's inventory at only 2.09 months ... Is this an opportunity for sellers as we enter what has historically been thought of as "the slow season"? Inventory is down, demand is high, see more below / reach out anytime to discuss!

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Predictable real estate patterns unaffected by interest rate changes

There were a total of 2,256 residential sales in the Greater Edmonton Area (GEA) during September 2024, a 12.6% decrease from August 2024, but 10.0% higher than September 2023. New residential listings amounted to 3,215, down 4.6% from August, and up 6.4% from September 2023. Overall inventory in the GEA decreased 1.7% month-over-month and 12.1% year-over-year

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No slump in Edmonton’s property market as numbers begin to cool.

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.


Maxwell Market Monitor


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YEG REAL ESTATE RESULTS APRIL 2024 – JFSELLS.COM

HOUSING MARKET SHOWS STRONG SALES, STILL MODERATE PRICES

Edmonton, May 2, 2024: There were a total of 3,128 residential unit sales in the Greater Edmonton Area (GEA) real estate market during April 2024, showing increases of 27.1% over March 2024, and 54.9% over April 2023. New residential listings amounted to 3,909, a number 11.2% higher than in March 2024, and 13.7% higher than April 2023. Overall inventory in the GEA increased 2.7% from March 2024, but is still 20.5% lower than April 2023.

Supply – Demand Ratios show the strongest Seller’s Market in years!  ↓


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YEG REAL ESTATE RESULTS FEBRUARY 2024 – JFSELLS.COM

“Housing Market Heating Up for an Early Spring”: FEB 2024 Market Stats RAE

Full Stats Package here:FEBRUARY_2024_CREA-EDMOstats Semi Detached and Row/Townhouses lead the way with higher sale values, Condo’s lag behind. Total residential average prices came in 2.3% vs Last month, and  10.4% year over year.

Latest Alberta Economic metrics https://economicdashboard.alberta.ca/articles-pages/weekly-economic-highlights/2024-02-26-weekly-economic-highlights/ 

Interesting Edm Journal Article https://edmontonjournal.com/life/homes/edmontonians-signal-increase-in-home-buying-intentions

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YEG REAL ESTATE RESULTS JANUARY 2024 – JFSELLS.COM

January has started strong for Edmonton and Area! Many Stats and Prices are up. Demand appears to be out pacing supply on the residential side in several segments. See it all here;

Slow And Steady Numbers a Good Sign for 2024 RAE Market Summary

JANUARY_2024_CREA-EDMOStats for full stats package 

JANUARY_2024_MonthlyStatsBoard for full visuals 

TN Commercial__2023 Year-End Edmonton Report. For 2023 Full Year Commercial Review

2024-01_Edmonton_Statistics MaxWell Realty 24 Month Historical

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