Market Update

November: Absorption Rate

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

The Edmonton market has cooled as winter sets in, but there is still strong demand for desirable, well priced homes. The apartment market has slowed the most, and the market for high end properties is best described as 'normal'. 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.

November: Market at a Glance

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

This report shows that as things slow down as winter approaches, we are left with a market showing year over year price increases across the board. If you need better information or would like a more detailed analysis for your home or property needs, please just ask!

October: Average Time to Sell

This chart shows the Average Days On Market for properties reported as sold in October 2024 in the Edmonton MLS System®.

As winter approaches, the Edmonton real estate market has definitely slowed. Despite the cool weather we are still seeing demand for well priced attached and single family detached homes. 

I find that 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.