Another month with lower sales and higher inventory than in recent years lead to lower prices in the Greater Edmonton area in November. Here's our snapshot of the market in November: Benchmark prices are also down year-over-year across all categories:    

Edmonton Stats:

Single-family home sales were down 15% from last November in Edmonton - 533 homes were reported sold in November. Condo sales were down 17% from last November - 222 condos were reported sold. The average sale price of single-family homes was down 6% from last year to $419,350 and the median price was down 4% to $373,125. The average sale price of condos was down 7.5% from last year to $218,210 and the median price was down 8% to $207,750. The average price per square foot for single-family homes and condos was down $12 from last year to $270 and $218 respectively. This post will be updated with the REALTORS® Association of Edmonton releases their monthly report on the Greater Edmonton real estate market. Posted by Liv Real Estate on
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In the benchmark price performance graph near the top, are those prices inflation adjusted? They do not appear to be but there's no indication either way.

Posted by Matt on Saturday, December 15th, 2018 at 10:13pm

From what I can tell, it is not adjusted for inflation.

Posted by Sara MacLennan on Sunday, December 16th, 2018 at 3:02am

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