December 2023 Edmonton Market Stats Update

Below you will find Edmonton's residential housing market statistics for November 2023, including months of inventory; average days on market; average and median sale price; and the sales to new listing ratio for single-family dwellings, condos, and duplexes. 

 

Want More Information?

If you would like more detailed information on the Greater Edmonton Area market, or detailed information for a specific neighbourhood, give us a call or send a quick text and we'll be happy to send that over!


🔥 HACK&Co’s Hot & Cold Lists ❄️

Hot List 🔥

HACK&Co's Hot List includes houses and neighbourhoods that are in hot demand but difficult to find in the market currently. If you or someone you know lives on a property that matches these lists, it may be a good time to think about selling while they're still hot! 

Watch to find out which properties are hot! ⬇️

 

Cold List ❄️

On the flip side, HACK&Co's cold list is a list of property types and neighbourhoods that are sitting on the market. These properties are great for buyers looking for a good deal.

Watch to find out which property types are cold! ⬇️

 

📅 Months of Inventory

Months of inventory refers to how long it would take to sell the whole inventory of residential homes in Edmonton if they continued to sell at the current pace, provided no new listings came to the market. With 0-3 months of inventory, Edmonton would be considered a sellers market as properties would sell quickly. Between 3-4 months would be considered a balanced market, and 4+ months of inventory would be a buyer's market where buyers have more negotiating power.

 

Wouldn’t You Like a Search Site That Learns What You Like?


 

📆 Days on Market

Days on market can affect a few things. The longer your home stays on the market, the less perceived value it has to new buyers, which could lower the sale price. It can also be used to gauge the housing market.

December 2023


🏷 Average

It is good practice to measure both average sale prices, as any outlying high-priced or low-priced property can skew the data of the average sale price. 

Average Sale Price

High Rollers



📈 Sales and New Listings

The Sales to New Listing Ratio tells us the frequency of opportunity.

Sales

New Listings

 

Need Help Deciding When to Take the Plunge?

Our experts would be happy to help you and your family determine the right time to buy or sell in this market 🏡


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