Edmonton home sales surge, prices rise

 

 

Edmonton home prices continue to rise as new inventory hits the market ahead of the busy season, according to a report from the Realtors Association of Edmonton. Home sales also reported a big increase. There were 2,494 residential sales in the Greater Edmonton Area (GEA) in March. This was a 36.9 per cent increase compared to February and a 1.3 per cent increase compared to March 2024.

New listings rose last month to 3,780. That's a 44.5 percent increase from February and a 7.5 percent increase from the same month last year. Overall inventory at GEA rose 16.6 percent last month. However, inventory levels are still 8.1 percent lower than last year.