September 2019 Edmonton Real Estate Market Statistics
Autumn is here, and we are diving straight into the last quarter of the year! Here are this months market updates for areas and communities under the REALTORS Association of Edmonton. According to their latest media release, MLS® sales are up year-over-year, while the market remains stable in our city.
Total residential unit sales in the Edmonton Census Metropolitan Area real estate market for the month of September 2019 increased 5.72% compared to September 2018. The number of new residential listings is also up, growing 1.67% from September 2018. Overall inventory in our capital fell 9.72% from September of last year.
Single-family house unit sales are down 2.91%, unit sales of duplexes are up 7.52%, and condo unit sales jumped 26.78% from the same period of time last year.
All residential average prices are down slightly at $351,526, a 6.06% decrease from September 2018, and are down 4.30% from August 2019. Single-family homes sold for an average of $420,406, a 2.16% year-over-year decrease from September 2018, and a 3.27% decrease from August 2019. Condominiums sold for an average of $217,665, a 9.82% drop year-over-year, and a decrease of 7.17% from the previous month. Duplex prices are virtually unchanged from last year at $343,230, which was a 3.17% increase from the previous month.