In July 2024, the Greater Edmonton Area (GEA) saw 2,941 residential unit sales, marking a 3.5% rise from June 2024 and a 27.1% jump from July 2023. New listings hit 3,729, up 2.9% from last month and 13.2% higher than last year. However, overall inventory decreased by 1.4% from June and is down 15.1% compared to July 2023.

Sales Breakdown:

  • Detached Homes: 1,708 units sold, up 2.8% from June and 23.5% higher year-over-year.
  • Semi-Detached Homes: Sales dropped 6.6% from June but increased 13.0% compared to last year.
  • Row/Townhouses: Sales rose 4.7% month-over-month and surged 52.0% from July 2023.
  • Apartment Condos: Sales were up 11.7% from June and 32.3% higher than last year.

Pricing Trends:

  • Overall Residential Average Price:…

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