How’s the real estate market?

Here are the Greater Edmonton area average prices for May 2024

Averages:

Detached homes $546,000

Semi-detached homes $414,000

Row/townhouses $295,000

Apartment Condominiums $207,000

The Realtors Association of Edmonton reported:

“We could be looking at the peak of our spring market right now, with 4,325 new listings having just hit the market,” says REALTORS® Association of Edmonton 2024 Board Chair Melanie Boles. “It also appears that current interest rates haven’t put a dent in buying activity this year, with more than 500 additional sales closing this month compared to May 2023. We could potentially be in for an even busier June, as the next Bank of Canada interest rate announcement on June 5th might spark more activity in the market.”

The complete RAE’S May 2024 complete market update:

https://realtorsofedmonton.com/statistic/housing-market-activity-prices-continue-to-climb-in-2024/

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