Infographics: September 2024 RAE Edmonton Market Reports

Predictable real estate patterns unaffected by interest rate changes

There were a total of 2,256 residential unit sales in the Greater Edmonton Area (GEA) real estate market during September 2024, a 12.6% decrease from August 2024, but still 10.0% higher than September 2023. New residential listings amounted to 3,215, down 4.6% from August 2024, and up 6.4% higher from September 2023. Overall inventory in the GEA decreased 1.7% month-over-month and 12.1% year-over-year.

The total number of Detached unit sales was 1,299, a decrease of 11.1% over the previous month but still 8.2% higher than the previous year. Semi-detached unit sales decreased 15.8% month-over-month and showed an increase of 12.9% year-over-year. Row/Townhouse unit sales decreased 15.4% compared to August 2024 and sold 25.9% more than September 2023. Apartment Condominium unit sales were still 2.2% higher than the previous year but were down 12.6% from August 2024.

Total residential average prices came in at $440,366, a 1.2% increase from August 2024, and a 11.7% increase from September 2023. Detached homes averaged $552,684, increasing 1.3% from August 2024 and up from the previous year by 11.9%. Semi-detached units sold for an average of $413,252, decreasing 0.3% from the previous month, and up 16.8% year-over-year. Row/townhouse prices rose 0.7% from August 2024 and are sitting 9.6% higher than September 2023 with an average selling price of $292,875. Apartment Condominium average prices dropped 2.3% in August 2024 to $199,564, ending the month of September 9.6% higher than the previous year.

Read the full report on RAE website!

 


 

The following data is a comparison between September 2024 and September 2023 numbers, and is current as of October 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 – September 2024 RAE, Edmonton Report

 

 

 

 

Last Updated on October 7, 2024 by myRealPage

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