August Condo Market Report
The Edmonton condo market stays stable. Prices are moderate and sales volume continues to grow.
Condo sales prices climbed slightly for August 2023 at an average price of around $221,000. This is 2% up over the same month last year.
There were almost 572 condos sold in August compared to less than 410 units sold in August 2022. This represents an increase in volume of 40 %. This is the fourth consecutive month of volume sales growth. Perhaps this points to a rebound in condo interest especially as single-family values continue to lift.
Days on Market
Condos sold for an average days on market of only 51 days. This is slightly quicker than the previous 2 years at 54…
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