How’s the real estate market?

Here are the Greater Edmonton area average prices for October 2024

Averages:

Detached homes $553,000

Semi-detached homes $407,000

Row/townhouses $308,000

Apartment Condominiums $191,000

The Realtors Association of Edmonton reported:

“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.”

Read the complete October 2024 REALTORS® Association of Edmonton market update article:

https://realtorsofedmonton.com/statistic/interest-rate-impacts-adding-pressure-to-edmonton-market/

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