Monthly Market Statistics Update
Upward Movement for April Real Estate Numbers
Edmonton, May 2, 2019
When compared to March 2019, unit sales across most categories
increased, with single family home unit sales increasing 43.68%, condo sales
increasing 38.31% and duplex/rowhouse sales increasing 34.06%. Year over year
sales are up in all major categories, with single family homes sales increasing
1.91%, condo sales increasing 2.77% and duplex/rowhouse sales increasing 3.93%.
Year to date sales for all residential categories were down 8.44.% compared to April
Average unit prices rose from last month
but are still down from April 2018. The average price of a single-family home
was $427,657; an increase of 0.96% compared to March 2019 but down 0.82%
compared to April 2018. The average price of a condo was $228,933, an increase
of 7.05% from March 2019 but a decrease of 7.93% year over year.
Prices for duplex/townhouses saw a decrease
from March 2019, with the average price down 1.09% to $330,795, but a 1.87% increase
relative to April 2018.
tends to see more activity in the market with this year being no exception,”
says REALTORS® Association of Edmonton Chair Michael Brodrick.
Inventory rose 8.78% higher compared to March
2019 but was down 1.78% over April 2018. Listings were also up, climbing 11.14%
month over month but down 1.92% year over year.
Days on market decreased for most home
types compared to March 2019. Single family homes spent an average 55 days on
market, condos averaged 71 days, and duplex/rowhouses averaged 67 days.
Overall, the average days on market for all residential properties was 60,
which was six days shorter than March 2019 but three days longer over April
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