Here’s a quick and easy breakdown of what happened in the market last month:
🏠 Home Prices
- The average home price was $465,000 — steady compared to May and up almost 6% from last year.
- Detached homes sold for an average of $574,000, while condos averaged around $215,000.
📉 Listings & Sales
- New listings dropped by almost 11% since last month — but we’ve had more homes listed this year overall compared to 2024.
- About 2,877 homes sold in June — a little less than May, but still slightly more than this time last year.
📦 Inventory (How many homes are for sale?)
- Right now, there are 6,768 homes for sale in the Greater Edmonton Area.
- That equals about 2.4 months of inventory — meaning it’s still a fairly competitive market.
📅 Days on Market
- On average, homes are selling in 31 days — similar to last year.
- Condos are taking the longest, at 42 days, while detached homes are moving a bit faster.
💰 Luxury Sales
Some big numbers this month!
- The highest sale was a detached home at $3.67M, and the top condo sold for $1.37M.