The Greater Edmonton Area (GEA) has witnessed a robust beginning to 2024, with substantial increases in residential property sales and average prices. This promising start is indicative of a resilient real estate market that ComFree Realty believes is worth noting for both current and prospective homeowners.
January saw a remarkable year-over-year surge in sales and prices across various property types, including detached homes and apartment condominiums, signaling a strong home buyer’s interest and a potentially advantageous time for sellers.
As we approach the spring housing market, housing inventory levels will be pivotal. The current balance suggests a healthy demand, aligning with buyer needs and seller opportunities.
While days on the market have slightly increased, it remains in a favorable range, underscoring a real estate market that’s active yet provides enough time for decision-making.
With a steady start to the year and anticipation of the spring housing market, ComFree Realty encourages sellers to consider listing to meet the evident demand. Buyers should stay informed on market trends to navigate the competitive landscape effectively.
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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
* Only when the buyer comes direct, otherwise the seller may choose to negotiate a commission with the buyer’s agent.
