August 2019 Edmonton Real Estate Market Statistics
Ready to dive into the Fall season? Here are this months market updates for areas and communities under the REALTORS Association of Edmonton!
As noted in their latest market update, total residential unit sales in the Edmonton Census Metropolitan Area real estate market for the month of August 2019 dropped 6.38% compared to August 2018. The number of new residential listings is also down, dropping 4.73% from August 2018, and overall inventory in our municipality fell 12.21% from August of last year.
All residential average prices remained stable at $367,339, similar to August 2018, and are virtually unchanged from July 2019. Houses sold for an average of $434,634, a 2.24% year-over-year increase from August 2018, and a 1.14% increase from July 2019. Condominiums sold for an average of $234,480, a 5.16% drop year-over-year, but an increase of 5.19% from the previous month. Duplexes are up 7.00% from last year to $354,455, which was a 6.34% increase from the previous month.