The Greater Edmonton Area (GEA) real estate market showed strong momentum through April, with gains in both sales activity and listing inventory.
📈 What This Means for You:
With prices steadily rising and more listings coming online, buyers are gaining more choice—but competition is still strong. For sellers, well-priced homes are moving quickly. Whether you’re considering a move now or later this year, I’m here to help you navigate confidently.
Residential Sales: 2,710 homes sold in April, up 9.0% from March, though down 13% year-over-year.
New Listings: 4,012 new properties hit the market, rising 9.8% from March and 4.8% from April 2024.
Inventory Growth: Total inventory climbed 12.1% month-over-month and is up slightly 0.3% year-over-year.
🔍 Price Trends by Property Type:
Detached Homes:
Avg. Price: $585,707 → ⬆ 1.8% MoM ⬆ 10.4% YoY
Sales: 1,576 → ⬆ 10.2% MoM ⬇ 14.7% YoY
Semi-Detached:
Avg. Price: $434,858 → ⬆ 1.1% MoM ⬆ 6.9% YoY
Sales: 307 → ⬆ 15.4% MoM ⬇ 11.3% YoY
Row/Townhouses:
Avg. Price: $314,703 → ⬆ 0.1% MoM ⬆ 6.7% YoY
Sales: Slight MoM growth ⬇ 4.2% YoY
Apartment Condos:
Avg. Price: $218,330 → ⬆ 0.1% MoM ⬆ 8.5% YoY
Sales: ⬆ 4.3% MoM ⬇ 14.9% YoY