Edmonton, October 3, 2023: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for September 2023 hit 2,058, dropping from August 2023 by 8.4% and increasing 25.8% compared to September 2022. New residential listings decreased slightly, at 0.1% year-over-year from September 2022, and decreasing 3.3% from August 2023. Overall inventory in the GEA was down 15.7% from September of last year, and down 2.8% from the previous month.
For September, detached unit sales totaled 1,311, a decrease of 8.0% from August 2023, but up 26% from the previous year. Semi-detached unit sales were down 11.0% month-over-month but increased by 6.9% from September 2022.
Total residential average prices came in at $394,000, a 0.1% decrease from September 2022, and a 1.0% decrease from August 2023. Detached homes averaged $493,0328, noting a 2.4% year-over-year increase, but a 0.4% decrease from August 2023. Semi-detached sold for an average of $353,929, resulting in a 4.2% decrease year-over-year, and a 5.2% decrease from the previous month.
Detached homes averaged 42 days on the market, increasing three days from August 2023. Semi-detached homes averaged 37 days on the market, decreasing 5 days from the previous month. Overall, all residential listings averaged 44 days on the market, decreasing by four days year-over-year and two days from August 2023.
Sourced from RAE
How was the Market Activity in September 2023
Comments:
Post Your Comment: