Courtesy of Dwayne Horvath

December Market Busier Than Usual, Not Enough To Outpace 2022 Activity

$170,408 apt./ condo DOWN 5.2% year-to-year

$489,392 detached UP 3.7% year-to-year

AVERAGE SALE PRICES

$260,959 row/ townhouse

1,497 NEW LISTINGS 1,229 SOLD LISTINGS

detached 839 271 detached 701 195

UP 9.9% year-to-year

apt./ condo

apt./ condo

3.8 MONTHS OF INVENTORY

4,626 ACTIVE LISTINGS

82% SALES TO NEW LISTING RATIO

52 DAYS ON MARKET

Edmonton, January 3, 2024 - Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for December 2023 came to 1,229. New residential listings amounted to 1,497. Total residential average prices came in at $388,637, up 2.0% from November 2023, and up 3.5% from December 2022. Detached homes averaged $489,392, amounting to a 3.8% year-over-year increase, and up 2.2% from November 2023. Row/townhouse prices were down 4.0% from November 2023 and increased 9.9% when compared to December 2022, selling at an average of $260,959. Apartment Condominium average prices hit $170,408 down 0.4% from last month and 5.2% from last year.

“Though December’s month-over-month numbers are higher than in 2022, the strong second half of this year hasn’t quite achieved the level of activity seen in the previous year,” says REALTORS ® Association of Edmonton 2023 Board Chair Melanie Boles. “As the year closes, the year-to-date average selling price is $398,735, compared with $415,115 in 2022, and year-to-date average unit sales are still lagging by 8%.” Overall, all residential listings averaged 52 days on the market. Statistics reflect market activity in December 2023 | Source: REALTORS ® Association of Edmonton | Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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If You Have ; Real Estate Questions - Need Renovation Advice - Would Like an Updated Home Evaluation or Names of Reliable Trades People...I’m Here to Help. *Email: info@SellWell.ca or Call/Text me at: 780-445-8575.

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