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Edmonton’s Real Estate Market Shows Promising Start in 2024

The Greater Edmonton Area (GEA) has witnessed a robust beginning to 2024, with substantial increases in residential sales and average prices. This promising start is indicative of a resilient market that homeFree Realty believes is worth noting for both current and prospective homeowners.

Market Trends and Analysis

Rising Sales and Prices

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 buyer’s interest and a potentially advantageous time for sellers.

Inventory Watch

As we approach the spring market, inventory levels will be pivotal. The current balance suggests a healthy demand, aligning with buyer needs and seller opportunities.

Property Time on Market

While days on the market have slightly increased, it remains in a favorable range, underscoring a market that’s active yet provides enough time for decision-making.

Looking Ahead

With a steady start to the year and anticipation of the spring market, homeFree 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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