INFOGRAPHICS: November 2019 RAE Edmonton Market Reports
And just like that, 2019 is ending, and we’re gearing up to welcome the next year. Here are this month’s market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!
As noted on RAE’s most recent stats report, MLS listings are down, and condo prices are up slightly. Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of November 2019 are virtually unchanged compared to November 2018’s 1,105 sales and decreased 17.47% from October 2019. The number of new residential listings is down, dropping 12.59% from November 2018.
Overall inventory in the Edmonton CMA fell 9.31% from November of last year.
For the month of November, single family home unit sales are down 5.82% and condo unit sales increased 12.50% from the same period of time last year.
All residential average prices are down slightly at $353,838, a 2.32% decrease from November 2018, and are virtually unchanged from October 2019. Single family homes sold for an average of $420,650, a 0.24% year-over-year increase from November 2018, and flat at a 0.07% decrease from October 2019. Condominiums sold for an average of $228,113, a 3.37% increase year-over-year, prices are similar to the previous month, up 0.14%. Duplex prices dropped 7.99% from November 2018, selling at $322,330, which was a 2.02% decrease from the previous month.
According to RAE Chair Michael Brodrick,
“The Edmonton market prices remain stable with a decrease in year-over-year residential listings. There are about 260 fewer listings than we had in November of last year, and single family home pricing increased 0.24%, duplexes are down 7.99%, and condos are up 3.37% year-over-year.”
The following data is a comparison between November 2018 and November 2019 numbers, and is current as of December 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! 🙂 )