Infographics: June 2024 RAE Edmonton Market Reports

Home Sales Slow While Prices Remain Strong

There were a total of 2,847 residential unit sales in the Greater Edmonton Area (GEA) real estate market during June 2024, an 11.4% decrease from May 2024, but still 10.0% higher than June 2023. New residential listings amounted to 3,712, a 14.2% drop from May 2024, and 2.6% higher than June 2023. Overall inventory in the GEA increased 1.9% from May 2024, but is still 15.9% lower than June 2023.

Detached unit sales totalled 1,661, a decrease of 12.3% over the previous month, and 4.5% higher than the previous year. Semi-detached unit sales decreased 5.9% month-over-month and showed an increase of 7.4% year-over-year. Row/Townhouse unit sales also decreased 6.5% compared to May 2024 but sold 37.2% more than June 2023. Apartment Condominium unit sales were still 13.6% higher than the previous year but decreased 16.7% from May 2024.

Total residential average prices came in at $438,973, a 0.6% decrease from May 2024, and 6.6% increase from June 2023. Detached homes averaged $539,468, decreasing 1.3% from May 2024 and up from the previous year by 7.9%. Semi-detached units sold for an average of $422,321, increasing 2.0% from the previous month, and up 10.3% year-over-year. Row/townhouse prices dropped 1.5% from May 2024 and rose 12.7% from June 2023, selling at an average of $290,249. Apartment Condominium average prices hit $211,583, increasing 2.3% over last month and coming in 8.5% higher than the previous year.

Read the full report on RAE website!

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

You can also click here to view all our Edmonton infographics.