INFOGRAPHICS: January 2020 RAE Edmonton Market Reports
Here are this month’s market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!
According to their latest market release, 2020 is opening with sales up and listings down.
Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for January 2020 increased 0.50% compared to January 2019 and decreased 5.44% from December 2019. The number of new residential listings is down, decreasing 11.58% from January 2019. Overall inventory in the Edmonton CMA fell 11.76% from January of last year.
For the month of January, single family home unit sales are up 2.52%, and condo unit sales decreased 5.94% from the same period of time last year.
All residential average prices are up slightly at $351,002 a 3.85% increase from January 2019, and are down 0.75% from December 2019. Single family homes sold for an average of $413,954, a 2.52% year-over-year increase from January 2019, and a 0.64% increase from December 2019.
Condominiums sold for an average of $204,355, a 5.94% decrease year-over-year, and prices are down 9.95% compared to December 2019. Duplex prices rose 5.21% from January 2019, selling at $338,815, which was a 4.23% increase from the previous month.
RAE Chair Jennifer Lucas notes,
“The Edmonton market prices remained stable this month while we saw an decrease in year-over-year residential listings and sales. There have been slightly more sales than in January of last year, and single family home pricing increased 2.52%, duplexes are up 5.21%, and condos are down 5.94% year-over-year.”
The following data is a comparison between January 2019 and January 2020 numbers, and is current as of February 2020.
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! 🙂 )