July 2019 Edmonton Real Estate Market Statistics
It is time for our monthly updates again, and it looks like the Real Estate Association of Edmonton is going into the third quarter of the year on a positive note. Here are this months market updates for areas and communities under the REALTORS Association of Edmonton.
As noted in their latest market update, July residential unit sales are up 11.49% year over year. While sales rose, the number of new residential listings dropped 10.01% from July 2018, and overall inventory in our city dropped 13.58% from July of last year.
All residential average prices decreased to $366,344, a drop of 1.70% from July 2018, and are virtually unchanged from June 2019. Single-family houses sold for an average of $429,717, a 1.91% year-over-year drop from July 2018, but a 1.37% increase from June 2019. Condominiums sold for an average of $222,911, a 10.3% drop year-over-year, and a decrease of 6.59% from the previous month. Duplexes dropped 2.80% from last year to $333,317, which was a 1.63% decrease from the previous month.