INFOGRAPHICS: September 2019 RAE Edmonton Market Reports
Autumn is here, and we’re diving straight into the last quarter of the year! Here are this month’s market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!
According to their latest media release, MLS® sales are up year-over-year, while the market remains stable in the Edmonton area.
Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of September 2019 increased 5.72% compared to September 2018. The number of new residential listings is also up, growing 1.67% from September 2018. Overall inventory in the Edmonton CMA fell 9.72% from September of last year.
Single family home unit sales are down 2.91%, unit sales of duplexes are up 7.52%, and condo unit sales jumped 26.78% from the same period of time last year.
All residential average prices are down slightly at $351,526, a 6.06% decrease from September 2018, and are down 4.30% from August 2019. Single family homes sold for an average of $420,406, a 2.16% year-over-year decrease from September 2018, and a 3.27% decrease from August 2019. Condominiums sold for an average of $217,665, a 9.82% drop year-over-year, and a decrease of 7.17% from the previous month. Duplex prices are virtually unchanged from last year at $343,230, which was a 3.17% increase from the previous month.
According to RAE Chair Michael Brodrick,
“The Edmonton market continues to remain stable, with slight decreases in prices across all property types. Single family home pricing dropped 2.16%, condos are down 9.82% from last month, and duplexes are virtually unchanged at -0.58% year-over-year.”
The following data is a comparison between September 2018 and September 2019 numbers, and is current as of October 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! 🙂 )