How’s the real estate market?

Average prices in Greater Edmonton area for January 2024

Detached homes averaged $484,365

Semi-detached homes averaged $378,421

Row/townhouses averaged $268,948

Apartment Condominiums averaged $192,660

The Realtors Association of Edmonton reported:

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.

RAE’s January 2024 complete market update can be found at:

https://realtorsofedmonton.com/statistic/slow-and-steady-numbers-a-good-sign-for-2024/

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