Monthly Market Update - Record Prices and Listings Signal a Change
Posted by Liv Real Estate on
The real estate landscape in the Greater Edmonton Area is an interesting scenario of strong growth in May, 2025, tempered by emerging shifts. The benchmark price for single-family homes has increased by 11% over last May, reaching an unprecedented high of $518,500. Additionally, other segments of the market have shown noteworthy appreciation: apartment-style condos have risen by 15% to $223,300, while townhouses have appreciated by 16% to $303,100. These increases reflect a sustained seller’s market of over two years.
However, a closer look at the current statistics reveals early signs of change. New listings in May reached a record peak (since I started tracking the stat in 2008), with 4,915 new listings—a 17% increase compared to last year. Despite…
440 Views, 0 Comments