Infographics: November 2024 RAE Edmonton Market Reports

Winter cooling effect takes hold of Greater Edmonton property market

There were a total of 1,920 residential unit sales in the Greater Edmonton Area (GEA) real estate market during November 2024, a 22.8% decrease from October 2024 and 18.4% higher than November 2023. New residential listings amounted to 2,114, down 27.9% from October 2024 and up 1.4% from November 2023. Overall inventory in the GEA decreased 12.1% month-over-month and 17.3% year-over-year.

The total number of Detached unit sales was 1,138, a decrease of 20.5% over the previous month but 23.6% higher than the previous year. Semi-detached unit sales decreased 27.8% month-over-month while remaining 18.0% higher year-over-year. Row/Townhouse unit sales decreased 23.2% compared to October 2024 and recorded 18.0% more sales than in November 2023. Apartment Condominium unit sales are still 3.1% higher than the previous year but slowed 27.3% since October 2024.

Total residential average prices came in at $436,401, a 0.9% decrease from October 2024, but reflected an overall increase of 14.7% compared to November 2023. Detached homes averaged $540,320, a 2.3% decrease from October 2024, and coming in 12.8% higher than the previous year. Semi-detached units sold for an average of $411,469, increasing 1.1% from the previous month and up 13.3% year-over-year. Row/townhouse prices fell 6.4% from October 2024 but are still 6.0% higher than November 2023 with an average selling price of $288,176. Apartment Condominium average prices rose 4.5% from October 2024 to $200,266, ending the month of November 17.0% higher than the previous year.

Read the full report on RAE website!

The following data is a comparison between November 2024 and November 2023 numbers, and is current as of December 2024. For last month’s numbers, check out our previous RAE infographic!

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