Edmonton real estate sales drop 11.4% in June

Although sales declined last month, a local realtor said July has already been busy.

With 2,847 residential units sold last month, Edmonton’s real estate market had an 11.4 per cent slowdown from May.

In its monthly report released Thursday, the Realtors Association of Edmonton (RAE) reported a cooling of the Edmonton real estate market from May.

While the market showed a more than 11 per cent slowdown, RAE said in its report that it’s still not all bad news because even with the decrease, it’s still 10 per cent higher than June 2023.

Although sales declined last month, a local realtor said July has already been busy.

“The market as a whole is at its plateau for the season,” said Melanie Boles, RAE board chair.

The number of new listings also declined, according to the report. At 3,712 in June, new residential listings are down 12.2 per cent from the month before, but year-to-date listings are up 2.3 per cent.

Although sales declined last month, a local realtor said July has already been busy.

“The market as a whole is at its plateau for the season,” said Melanie Boles, RAE board chair.

The number of new listings also declined, according to the report. At 3,712 in June, new residential listings are down 12.2 per cent from the month before, but year-to-date listings are up 2.3 per cent.