Market Update

December: Absorption Rate

Here is a snapshot of the listing absorption rate for Edmonton-area market for January 2024.

The market seems 'slow and steady' right now, but we are seeing signs of buyers getting active and a developing need in the market for new listings. There are opportunities for moving ahead and we continue to see strong activity for desirable, well priced properties.

I find that it's best to take all statistics with a grain of salt. Call me if you'd like better information with respect to your specific situation.

January: Market at a Glance

Here is a snapshot of the recent average prices in the Edmonton area based on sales reported for January 2024 in the Edmonton MLS System®.

This report shows that things continue to be pretty stable as we go through the winter real estate market, but there are signs of things picking up for spring.  If you need better information or would like a more detailed analysis for your home or property needs, please just ask!

December: Average Time to Sell

This chart shows the Average Days On Market for properties reported as sold in December 2023 in the Edmonton MLS System®.

The Edmonton real estate market has been pretty stable this winter, and will likely be picking up as we head into February. But things are never as simple as the statistics or averages would seem to make them.

Is this a good time to buy or sell? If you would like to discuss your current situation, let's chat.