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Edmonton, July 2, 2024: There were a total of 2,847 residential unit sales in the Greater Edmonton Area (GEA) real estate market during June 2024, an 11.4% decrease from May 2024, but still 10.0% higher than June 2023. New residential listings amounted to 3,712, a 14.2% drop from May 2024, and 2.6% higher than June 2023. Overall inventory in the GEA increased 1.9% from May 2024, but is still 15.9% lower than June 2023.

Detached unit sales totalled 1,661, a decrease of 12.3% over the previous month, and 4.5% higher than the previous year. Semi-detached unit sales decreased 5.9% month-over-month and showed an increase of 7.4% year-over-year. Row/Townhouse unit sales also decreased 6.5% compared to May 2024 but sold 37.2% more than June 2023. Apartment Condominium unit sales were still 13.6% higher than the previous year but decreased 16.7% from May 2024.

Total residential average prices came in at $438,973, a 0.6% decrease from May 2024, and 6.6% increase from June 2023. Detached homes averaged $539,468, decreasing 1.3% from May 2024 and up from the previous year by 7.9%. Semi-detached units sold for an average of $422,321, increasing 2.0% from the previous month, and up 10.3% year-over-year. Row/townhouse prices dropped 1.5% from May 2024 and rose 12.7% from June 2023, selling at an average of $290,249. Apartment Condominium average prices hit $211,583, increasing 2.3% over last month and coming in 8.5% higher than the previous year.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $408,200, increasing 2.1% from May 2024, and 7.0% from June 2023.