REALTORS® Association of Edmonton

Edmonton Market Conditions


Single Detached

Months of inventory for single detached homes numbered 2.3 at the end of the first quarter of 2021, down from the 6.4 months recorded at the end of the first quarter of 2020.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, homes spent less time on the market in the first quarter of 2021 than they had a year earlier.

The median number of days on market for single detached homes was 31 in the first quarter of 2021, down from 47 days in the first quarter of 2020.


Townhouse

Months of inventory for townhouse and row units numbered 3.9 at the end of the first quarter of 2021, down from the 6.3 months recorded at the end of the first quarter of 2020.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, townhouse and row units spent less time on the market in the first quarter of 2021 than they had a year earlier.

The median number of days on market for townhouse and row units was 43 in the first quarter of 2021, down from 49 days in the first quarter of 2020.



Apartment Units

Months of inventory for apartment units numbered 7.6 at the end of the first quarter of 2021, down from the 10.2 months recorded at the end of the first quarter of 2020.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, apartment units spent less time on the market in the first quarter of 2021 than they had a year earlier.

The median number of days on market for apartment units was 49 in the first quarter of 2021, down from 62 days in the first quarter of 2020.