Edmonton, February 4, 2025: There were a total of 1,597 residential unit sales in the Greater Edmonton Area (GEA) real estate market during January 2025, a 12.1% monthly increase from December 2024 and an 11.2% annual increase from January 2024. New residential listings amounted to 2,452, up 83.5% from December 2024 and 12.9% from the previous year. Overall inventory in the GEA increased 6.9% month-over-month, while still trending lower year-over-year, showing an 18.2% decrease from January 2024.

The total number of Detached unit sales was 856, an increase of 3.9% over the previous month but 2.4% lower than the previous year. Semi-detached sales increased 22.0% month-over-month and 41.8% higher year-over-year, moving 200 units last month.

Total residential average prices came in at $438,278, showing a minimal 0.8% increase from the previous month and reflecting an overall growth of 9.9% compared to January 2024. Detached home prices averaged $561,282, an increase of 4.2% from December 2024, and coming in 16.2% higher than the previous year. Semi-detached units sold for an average of $420,844, increasing 3.0% from the previous month and 11.2% year-over-year

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $419,200, increasing 3.8% from December 2024 and up 12.0% from January 2024.

Detached homes averaged 51 days on the market, an increase of seven days from December 2024. Semi-detached homes increased by four days with properties averaging 37 days on the market.Overall, all residential listings averaged 48 days on the market, with a four-day month-over-month increase and an 11-day decrease compared to January 2024.

Sourced from RAE