Edmonton, July 5, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for June 2021 increased 33.4% compared to June 2020 and decreased 0.3% from
May 2021.
New residential listings are up year-over-year, increasing 19.9% from June 2020. New residential listings are also up month-over-month, increasing 1.2% from May 2021. Overall inventory in the GEA was down 0.9% from June of last year and increased 5.9% from May 2021.
For June, single-family home unit sales are up 28.8% from June 2020 and down 6.9% from May 2021 at 1,676. Condo unit sales increased 47.2% from June 2020 and decreased 21.4% from May
2021. Duplex/rowhouse unit sales were up 34% year-over-year and down 1.5% month-over-month. All residential average prices are at $398,229, a 10.6% increase from June 2020 and down 0.8%
from May 2021. Single-family homes averaged $472,637, a 11.6% year-over-year increase and a 1.5% increase from May 2021. Condominiums sold for an average of $241,808, a 9.9% increase year-over-year, and prices are averaging the same as May 2021. Duplex prices increased 8.1% from June 2020, selling at $356,085, which was a 0.6% decrease from May 2021.
The MLS® Home Price Index (HPI) composite benchmark price* in the Greater Edmonton Area trended up to $350,200, an 8% increase from June 2020, and up 0.7% from May 2021.
“The Edmonton market in June saw an increase in year-over-year residential unit sales,” says REALTORS® Association of Edmonton Chair Tom Shearer. “There have also been more sales of
single-family homes, condos and duplexes compared to June of last year, while month-over-month activity has started to cool off in some markets compared to May. Of course, we need to keep in mind the drastic difference between 2020 and 2021, but we are still witnessing a strong market that is beginning to balance out for the summer season.”
Single-family homes averaged 28 days on the market, a 25-day decrease from June of last year. Condos averaged 53 days on the market, a 13-day decrease year-over-year, while duplexes
averaged 32 days on the market, a 32-day decrease compared to June 2020. Overall, all residential listings averaged 36 days on the market, decreasing by 23 days year-over-year and increasing by
three days compared to May 2021.
Tom Shearer, REALTOR®, 2021 Chair
780-993-1515
Madeleine Burlin, Communications Specialist
780-453-9302
Allan Font, CPA, CMA, Interim President & CEO
780-453-9361
