Spring is in full swing, and so is the Edmonton real estate market! April brought a boost in activity with 2,710 homes sold across the Greater Edmonton Area—a 9% jump from March, although still down 13% from this time last year. We also saw 4,012 new listings hit the market, up nearly 10% month-over-month and 4.8% compared to last year, which helped nudge inventory levels slightly higher.
Detached homes led the charge again with 1,576 sales, up 10.2% from March, while semi-detached homes saw the biggest monthly jump—up 15.4%. Townhomes and condos also held steady, showing modest month-over-month growth.
Prices continued their upward trend, with the average home price reaching $470,447—up 2.1% from last month and a solid 9% gain year-over-year. Detached homes averaged $585,707, up over 10% from April 2024. Even condos, often the more affordable option, saw prices climb nearly 9% year-over-year.
Days on market stayed fairly consistent, averaging around 30 days, though condos moved a bit quicker than last month.
The key takeaway? Inventory is finally starting to catch up, but not enough yet to ease the pressure on prices. If this increase in listings continues through the summer, it could bring some balance—but for now, it’s still a seller’s market in many segments.
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