RSS

Edmonton Housing Market Update: Detached Home Prices Surge 12.8% in December 2024

Edmonton Housing Market Update: Detached Home Prices Surge 12.8% in December 2024

The Edmonton real estate market continues to thrive as detached home prices see a notable 12.8% year-over-year increase. November 2024 reported an average sale price of $540,320. Despite a slight seasonal slowdown, buyer demand remains robust, with sales activity up 23.6% compared to November 2023.

Why Is Now a Good Time to Sell?

  • Low Inventory: Inventory dropped by 12.1% since last month, meaning fewer homes are competing for buyers’ attention.

  • Strong Demand: Buyers remain active and motivated, eager to purchase before the year’s end.

If you’re considering selling, this is an excellent time to leverage high prices and strong demand. Whether you want to sell this winter or prepare for a successful spring market, I’m here to help you maximize your property’s value.

Let’s make your home the next success story! Contact me today.

Watch Video

Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.