From Scarcity to Selection: Listings Up, Demand Steady in Greater Edmonton
Posted by Liv Real Estate on
Greater Edmonton's housing market continues to favour sellers, though the advantage is beginning to soften as supply increases.
Year-over-year, prices continue to rise: the benchmark price for single-family homes increased by 9% to $518,900; apartment-style condos saw a 2% rise to $201,900; and townhouses gained 6% to $286,500. This pattern reflects buyer demand for space and versatility, with detached homes leading in price growth, followed by townhouses, while condos are starting to lag.
The market remains tight, with only three months of supply, maintaining a seller's market that has lasted over two years. However, clear signs of change are emerging. New listings have risen by 9%, exceeding seasonal norms, and inventory has climbed by 23%,…
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