Low inventory is heating up Edmonton’s real estate market

Low inventory is contributing to a sustained seller’s market in Edmonton, with December sales showing a 17.2% increase year-over-year despite a typical seasonal slowdown. A total of 1,428 residential sales were reported, with apartment prices rising 19.8% and semi-detached homes up 12.3%. New listings decreased by 33.3% from November, leading to a 22.5% drop in overall inventory. The average residential price was $435,549, reflecting a 12.2% increase from last year. The MLS Home Price Index benchmark rose to $403,900, up 7.8% annually.