INFOGRAPHICS: December 2018 RAE Edmonton Market Reports
2019 is upon us, so here are the most recent housing market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!
According to RAE’s latest reports, 2018 for the Edmonton CMA mostly saw a year of stable average and median prices, decreasing sales, and increasing inventory. In their latest update, they noted that year-to-date average prices remained relatively stable throughout 2018
Listings in December 2018 were also down by 3.85% compared to the year prior, and down by 43.09% compared to November 2018. However, residential sales were also down in December, showing dips of 19.65% compared to December 2017, and 30.13% compared to November 2018. Average prices, on the other hand, were relatively stable.
RAE Chair Michael Brodrick notes,
“The real estate market in 2018 experienced record-high inventory levels, rising interest rates and the effect of the mortgage stress test, resulting in lower sales in all property categories. It was a challenging market for both buyers and sellers and it appears 2019 will be similar.”
The following data is a comparison between December 2017 and December 2018 numbers, and is current as of January 2019. We’re also adding a copy of RAE’s Q4 2018 report.
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! 🙂 )