Market Update

Curious about the Edmonton and area real estate market? Check out our monthly market update videos, and find information on topics such as average home prices, how long homes are taking to sell, sales trends and more. If you are looking for more specific information, please feel free to contact us


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Average prices in Greater Edmonton area for July 2024



How’s the real estate market?

Here are the Greater Edmonton area average prices for July 2024


Averages:

Detached homes $552,000

Semi-detached homes $407,000

Row/townhouses $292,000

Apartment Condominiums $204,000


The Realtors Association of Edmonton reported:

“July’s heatwave didn’t stop home buyers from making the most of the market this month.” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “The number of sales saw an unexpected bump considering things normally start to taper off after May and June have passed, while the added competition doesn’t seem to have impacted home prices just yet. The lower inventory available is something to keep an eye on, as we’ve seen the effects too little supply has had on prices in other markets.”


The complete RAE’S July 2024 complete market update:

https://realtorsofedmonton.com/statistic/edmontons-housing-supply-tightens-as-number-of-sales-sees-late-summer-rebound/


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Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.