The Greater Edmonton Area real estate market showed mixed trends this November. Residential sales totaled 1,920 units, a seasonal drop of 22.8% from October but an impressive 18.4% rise compared to last year. Listings saw a sharp month-over-month decline of 27.9%, signaling a tighter market, though they edged up 1.4% year-over-year. It is normal for us to see a cooling period as we dig deeper into the winter months.
Detached homes continue to lead the market, with 1,138 sales—a 20.5% monthly drop but a 23.6% annual increase. Semi-detached and row/townhouse sales followed similar patterns, down 27.8% and 23.2% from October but up 18% year-over-year. Meanwhile, apartment condos maintained steady growth, with prices up 17.0% higher than last year.
Average home prices softened slightly, with the total residential price at $436,400, a 14.7% yearly surge. The average number of days on market for detached homes was 41 while condos remain on the market for 48 days, respectively.
*Please note – Each year, in line with statistical best practices, the MLS® HPI undergoes a comprehensive review by Canadian Real Estate Association (CREA). The results can lead to changes in the available data and historical composite or aggregate benchmark prices could be revised higher or lower. Learn more here or see the FAQ document here.
