Edmonton, September 2, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for August 2021 increased 9.7% compared to August 2020 and decreased 6.8% from July 2021.

New residential listings are up year-over-year, increasing 12.9% from August 2020. However, new residential listings are down month-over-month, decreasing 6.0% from July 2021. Overall inventory in the GEA was down 1.9% from August of last year and decreased 4.1% from July 2021.

For August, single-family home unit sales are up 5.2% from August 2020 and down 6.0% from July 2021 at 1,246. Condo unit sales increased 23.4% from August 2020 and decreased 8.4% from July 2021. Duplex/rowhouse unit sales were up 10.5% year-over-year and down 4.7% month-over-month.

All residential average prices are at $384,874, a 2.7% increase from August 2020 and down 1.3% from July 2021. Single-family homes averaged $460,963, a 4.9% year-over-year increase and a 1.1% decrease from July 2021. Condominiums sold for an average of $227,559, a 0.8% decrease year-over-year, and prices are down 5.2% compared to July 2021. Duplex prices increased 3.8% from August 2020, selling at $355,326, which was a 0.6% decrease from July 2021.

The MLS® Home Price Index (HPI) composite benchmark price* in the Greater Edmonton Area leveled out at $347,300, a 5.7% increase from August 2020, and down 0.7% from July 2021.

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