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Edmonton Sold Homes - October 2019

October 2019 Edmonton Real Estate Market Statistics

October 2019 Edmonton Realtor Market Reports


Temperatures are going down, but sales are going up within the Edmonton market! Here are this month’s market updates for areas and neighbourhoods under the REALTORS Association of Edmonton (RAE)!


According to their most recent market report, sales volumes are going up as inventories are going down. Total residential unit sales in the Edmonton Census Metropolitan Area (CMA) real estate market for the month of October 2019 increased 8.10% compared to October 2018 and decreased 3.82% from September 2019. The number of new residential listings is down, dropping 5.92% from October 2018. Overall inventory in the Edmonton CMA fell 9.26% from October of last year.


Single-family home unit sales are up 3.85% and condo unit sales increased 5.30% from the same period of time last year. All residential average prices are down slightly at $353,546, a 2.44% decrease from October 2018, and are virtually unchanged from September 2019.


Houses sold for an average of $420,939, a 1.73% year-over-year decrease from October 2018, and they are virtually unchanged at a 0.13% decrease from September 2019. Condominiums sold for an average of $227,802, a 2.96% increase year-over-year, and a 4.66% increase from the previous month. Duplex prices dropped 1.43% from October of last year, selling at $328,975, which was a 4.15% decrease from the previous month.


Houses averaged 60 days on the market, a two-day decrease from last year. Condos spent six days more on the market, from 70 to 76 days, while duplexes averaged 63 days on market, a three-day decrease from October 2018. Overall, all residential listings averaged 65 days on market, a 1.52% decrease year-over-year, and increased by two days from the previous month.

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.