Edmonton Real Estate Statistics – March 2024

The Edmonton real estate statistics have demonstrated remarkable resilience and growth through the early months of 2024. Trends that potential buyers, sellers, and investors should closely monitor. With a significant increase in sold properties and steady rise in selling prices, the Edmonton market offers a promising outlook.

Surge in Sold Properties

Edmonton’s market shows a staggering 40.11% increase in sold properties. 1.79K units sold during the month of March. Proof of a thriving market, the upward trajectory was 47.4% from the previous year’s performance. The growth in property sales reflects a market driven by strong demand and confidence among buyers and sellers.

Ascending Average Selling Prices

The average selling price of properties in Edmonton has seen an encouraging upswing. March 2024 reported an average sales price of $395K, marking an 8.48% increase from March 2023. The year-to-date figures for 2024 further highlight the market’s strength. The average selling price of $386K was an 8.60% increase from the previous year. These figures suggest a healthy appreciation in property values. There’s lucrative opportunities for sellers and a promising, though competitive, landscape for buyers in Edmonton.

Edmonton Market Efficiency and Listings

In addition to the increase in sold properties and selling prices, the Edmonton real estate market is busy. The average days on market are down, indicating a fast paced market. Properties are moving quickly from listing to sale. This is further evidenced by the ask-to-sell ratio, showing pricing strategies are aligned with buyer expectations.

Detailed numbers below.