Infographics: December 2024 RAE Edmonton Market Reports

Low inventory sets stage for continued seller’s market

There were a total of 1,428 residential unit sales in the Greater Edmonton Area (GEA) real estate market during December 2024, a 25.4% decrease from November 2024 and 17.2% higher than December 2023. New residential listings amounted to 1,367, down 33.3% from November 2024 and 7.3% from December 2023. Overall inventory in the GEA decreased 22.5% month-over-month and 24.6% year-over-year.

The total number of Detached unit sales was 826, a decrease of 27.2% over the previous month but still 18.8% higher than the previous year. Semi-detached sales decreased 15.8% month-over-month while remaining 18.7% higher year-over-year, coming in at 165 units sold. Row/Townhouse unit sales decreased 22.9% compared to November 2024 and recorded 13.1% more sales than December 2023. Apartment Condominium unit sales are still 15.1% higher than the previous year but slowed 27.1% since November 2024.

Total residential average prices came in at $435,549, reporting no change from the previous month, but reflected an overall increase of 12.2% compared to December 2023. Detached homes averaged $540,232, with no change from November 2024, and coming in 10.6% higher than the previous year. Semi-detached units sold for an average of $408,823, increasing 1.6% from the previous month and up 12.3% year-over-year. Row/townhouse prices were up 1.4% from November 2024 and were 12.3% higher than December 2023 with an average selling price of $292,640. Apartment Condominium average prices rose 1.8% from November 2024 to $203,920, ending the month of December 19.8% higher than the previous year.

Read the full report on RAE website!

The following data is a comparison between December 2024 and December 2023 numbers, and is current as of January of 2025. For last month’s numbers, check out our previous RAE infographic!

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