Market Activity:
Sales Volume: In November 2024, there were 1,920 residential transactions, representing a 17.3% increase compared to the same period last year.
New Listings: The number of new residential listings has decreased by 7.3% year-over-year, contributing to the tightening inventory.
Seller’s Market: With low inventory and high demand, Edmonton remains a strong seller’s market.
Price Growth Forecast: Analysts forecast a 10% increase in average residential sale prices across all property types in 2025.