Interest Rate Impacts Adding Pressure to Edmonton Market, Moving Back Further into "Seller's Market"!

With October matching July's inventory at only 2.09 months ... Is this an opportunity for sellers as we enter what has historically been thought of as "the slow season"? Inventory is down, demand is high, see more below / reach out anytime to discuss!

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Predictable real estate patterns unaffected by interest rate changes

There were a total of 2,256 residential sales in the Greater Edmonton Area (GEA) during September 2024, a 12.6% decrease from August 2024, but 10.0% higher than September 2023. New residential listings amounted to 3,215, down 4.6% from August, and up 6.4% from September 2023. Overall inventory in the GEA decreased 1.7% month-over-month and 12.1% year-over-year

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No slump in Edmonton’s property market as numbers begin to cool.

There were a total of 2,591 residential unit sales in the Greater Edmonton Area (GEA) real estate market during August 2024, an 11.8% decrease from July 2024, but still 15.8% higher than August 2023. New residential listings amounted to 3,467, down 7.0% from July 2024, and up 7.7% higher from August 2023. Overall inventory in the GEA decreased 1.2% month-over-month and is tracking 13.8% lower than August 2023.


Maxwell Market Monitor


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