Far from the anticipated seasonal slowdown, the real estate market was decidedly busy in the Edmonton area in July, reinforcing the seller's advantage that has characterized Edmonton's real estate landscape for the past 18 months.

A striking 27% year-over-year increase in sales this July, coupled with a modest but notable 3% rise from June 2024, paints a picture of a market buzzing with activity during a time usually marked by camping trips and summer vacations. Listings increased 11% over last year, which helped ease the pressure from buyers a bit, but strong sales led to a 17% drop in inventory (2 months supply). 

The Bank of Canada's decision to cut its benchmark rate by 25 basis points in late July — its second reduction in just two months —…

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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 543 (570, 626, 665)
Sales: 512 (487, 513, 481)
Ratio: 94% (85%, 82%, 72%)
Price Changes: 299 (291, 309, 318)
Expired/Off-Market Listings: 289 (170, 172, 163)
Net loss/gain in listings this week: -258 (-87, -59, 21)
Active single-family home listings: 2276 (2344, 2332, 2290)
Active condo listings: 1557 (1635, 1605, 1583)
Homes 4-week running average: $532 ($526, $526, $527)
Condos 4-week running average: $233 ($234, $237, $242)

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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 570 (626, 665, 536)
Sales: 487 (513, 481, 402)
Ratio: 85% (82%, 72%, 75%)
Price Changes: 291 (309, 318, 268)
Expired/Off-Market Listings: 170 (172, 163, 272)
Net loss/gain in listings this week: -87 (-59, 21, -138)
Active single-family home listings: 2344 (2332, 2290, 2203)
Active condo listings: 1635 (1605, 1583, 1542)
Homes 4-week running average: $526 ($526, $527, $519)
Condos 4-week running average: $ 234 ($237, $242, $245)

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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 626 (665, 536, 520)
Sales: 513 (481, 402, 538)
Ratio: 82% (72%, 75%, 103%)
Price Changes: 309 (318, 268, 308)
Expired/Off-Market Listings: 172 (163, 272, 167)
Net loss/gain in listings this week: -59 (21, -138, -185)
Active single-family home listings: 2332 (2290, 2203, 2244)
Active condo listings: 1605 (1583, 1542, 1567)
Homes 4-week running average: $526 ($527, $519, $515)
Condos 4-week running average: $237 ($242, $245, $245)


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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 665 (536, 520, 590)
Sales: 481 (402, 538, 531)
Ratio: 72% (75%, 103%, 90%)
Price Changes: 318 (268, 308, 283)
Expired/Off-Market Listings: 163 (272, 167, 135)
Net loss/gain in listings this week: 21 (-138, -185, -76)
Active single-family home listings: 2290 (2203, 2244, 2270)
Active condo listings: 1583 (1542, 1567, 1577)
Homes 4-week running average: $527 ($519, $515, $520)
Condos 4-week running average: $242 ($245, $245, $247)

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In June 2024, the Greater Edmonton real estate market sustained its momentum, with a 10% increase in sales compared to the previous year, totalling 2,846 properties. This growth occurred alongside a modest 1% rise in new listings, tightening inventory levels significantly to 5,947 listings—a 17% year-over-year decrease. With only 2.1 months of supply, Edmonton's market dynamics firmly favour sellers, a trend that has persisted for over a year.

The backdrop to this market condition is Alberta’s notable population growth, reaching 4.85 million by April 1, 2024, an increase of 1.0% from the first quarter of 2023. This demographic trend is expected to keep real estate demand elevated well into the future.

Housing starts in Alberta were up 32% in May…

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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 536 (520, 590, 608)
Sales: 402 (538, 531, 477)
Ratio: 75% (103%, 90%, 78%)
Price Changes: 268 (308, 283, 274)
Expired/Off-Market Listings: 272 (167, 135, 157)
Net loss/gain in listings this week: -138 (-185, -76, -26)
Active single-family home listings: 2203 (2244, 2270, 2247)
Active condo listings: 1542 (1567, 1577, 1520)
Homes 4-week running average: $519 ($515, $520, $521)
Condos 4-week running average: $245 ($245, $247, $242)




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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 520 (590, 608, 648)
Sales: 538 (531, 477, 527)
Ratio: 103% (90%, 78%, 81%)
Price Changes: 308 (283, 274, 283)
Expired/Off-Market Listings: 167 (135, 157, 210)
Net loss/gain in listings this week: -185 (-76, -26, -89)
Active single-family home listings: 2244 (2270, 2247, 2180)
Active condo listings: 1567 (1577, 1520, 1495)
Homes 4-week running average: $515 ($520, $521, $524)
Condos 4-week running average: $245 ($247, $242, $239)


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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 590 (608, 648, 581)
Sales: 531 (477, 527, 511)
Ratio: 90% (78%, 81%, 88%)
Price Changes: 283 (274, 283, 271)
Expired/Off-Market Listings: 135 (157, 210, 164)
Net loss/gain in listings this week: -76 (-26, -89, -94)
Active single-family home listings: 2270 (2247, 2180, 2169)
Active condo listings: 1577 (1520, 1495, 1460)
Homes 4-week running average: $520 ($521, $524, $527)
Condos 4-week running average: $247 ($242, $239, $236)


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Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New Listings: 608 (648, 581, 539)
Sales: 477 (527, 511, 495)
Ratio: 78% (81%, 88%, 92%)
Price Changes: 274 (283, 271, 224)
Expired/Off-Market Listings: 157 (210, 164, 142)
Net loss/gain in listings this week: -26 (-89, -94, -98)
Active single-family home listings: 2247 (2180, 2169, 2148)
Active condo listings: 1520 (1495, 460, 1441)
Homes 4-week running average: $521 ($524, $527, $518)
Condos 4-week running average: $242 ($239, $236, $231)

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