INFOGRAPHICS: August 2019 RAE Edmonton Market Reports
Ready to dive into the Fall season? Here are this month’s market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!
As noted in their latest market update, total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of August 2019 dropped 6.38% compared to August 2018. The number of new residential listings is also down, dropping 4.73% from August 2018, and overall inventory in the Edmonton CMA fell 12.21% from August of last year.
All residential average prices remained stable at $367,339, similar to August 2018, and are virtually unchanged from July 2019. Single family homes sold for an average of $434,634, a 2.24% year-over-year increase from August 2018, and a 1.14% increase from July 2019. Condominiums sold for an average of $234,480, a 5.16% drop year-over-year, but an increase of 5.19% from the previous month. Duplexes are up 7.00% from last year to $354,455, which was a 6.34% increase from the previous month.
According to RAE Chair Michael Brodrick,
“Edmonton real estate prices have remained relatively stable. Single family home pricing is virtually unchanged, condos are up 5.19% from last month, while duplexes increased 7.00% year-over-year.”
The following data is a comparison between August 2018 and August 2019 numbers, and is current as of September 2019.
For last month’s numbers, check out our previous RAE infographic!
You can also click here to view all our Edmonton inforgraphics.
Click on the images for a larger view!
(Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )