July Condo Market Report

The Edmonton condo market stays stable. Prices are moderate and sales volume is healthy.

Sales Prices

condo sales prices july 2023

Condo sales prices softened slightly for July 2023 at an average price of around $216,000. This is just below the value for June. I would describe sales values as flat and notably trending lower than for the previous 2 years.

Sales Volume

condo sales volume july 2023

There were almost 500 condos sold in July compared to less than 450 units sold in July 2022.  Condo sales volume has traded comfortably above sales volume for last year and the year before for the last 3 months. Perhaps this points to a rebound in condo interest especially as single-family values continue to lift.

Days on Market

condo days on market july 2023

For the second month running condos sold for an average days on market of only 53 days. This is similar to the previous 2 years.


condo supply july 2023

After years of oversupply, the Edmonton market is offering much lower inventory levels. There is less than 4 months of supply. In theory this should mean that values will lift. Perhaps a strong and pent-up supply of new inventory coming to replace that which is sold and holding back price growth?

In general, anything less than four months of supply is considered a sellers’ market. Four to six months is balanced and anything above six months of supply is considered a buyers’ market.

Round Up

Condo sellers and buyers can enter the market with a high degree of certainty. Units are selling in good time and prices are stable.

Look for my August report during the first week of September. Thank you.

About the author:

You can read more about the author of this blog by clicking this link - Stuart Neal, Team Lead & REALTOR®.

Our proven & affordable FIXED FEE home selling system gives clients the best combination of price & value for home selling services. To learn more, call our Team Lead Stuart Neal at: 780-760-2014 or visit our selling system page www.FixedFeeRealty.ca

Get the answers to your questions. Go to our You Tube Channel for buyers and sellers Stuart Neal - Real Estate Advice.

The views expressed in this article are those of Stuart Neal. Exp Realty and our team Ambergate Realty Advisors may not share the same views. 

Posted by Stuart Neal on


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