Infographics: May 2024 RAE Edmonton Market Reports

Housing Market Activity, Prices Continue To Climb in 2024

There were a total of 3,220 residential unit sales in the Greater Edmonton Area (GEA) real estate market during May 2024, showing increases of 3.3% over April 2024, and 18.9% over May 2023. New residential listings amounted to 4,325, a number 13.4% higher than in April 2024, and 12.6% higher than May 2023. Overall inventory in the GEA increased 6.9% from April 2024, but is still 17.1% lower than May 2023.

Detached unit sales totalled 1,894, an increase of 2.4% over the previous month, and 12.5% higher than the previous year. Semi-detached unit sales increased 3.2% month-over-month and showed an increase of 19.4% year-over-year. Row/Townhouse unit sales also increased 6.1% compared to April 2024 and 21.2% compared to the previous year. Apartment Condominium unit sales also increased 45.8% over May 2023, and 4.5% over the previous month.

Total residential average prices came in at $441,350, a 2.2% increase from April 2024, and 5.0% increase from May 2023. Detached homes averaged $546,390, increasing 3.0% from April 2024 and up from the previous year by 6.8%. Semi-detached units sold for an average of $414,116, increasing 1.8% from the previous month, and up 8.4% year-over-year. Row/townhouse prices remained steady, showing no change from April 2024 but coming in 16.2% higher compared to May 2023, selling at an average of $294,742. Apartment Condominium average prices hit $206,591, increasing 2.6% over last month and coming in 6.9% higher than the previous year.

Read the full report on RAE website!



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

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


Download Printable Version – May 2024 RAE, Edmonton Report





Last Updated on June 6, 2024 by myRealPage

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