Navigating the Surge: A Comprehensive Analysis of the April 2024 Real Estate Boom
Posted by Liv Real Estate on
In April 2024, the Greater Edmonton real estate market was characterized by high demand and record-setting prices. April witnessed a remarkable 54% increase in sales from the previous year, with a total of 3,128 transactions. This surge not only reflects robust demand but also highlights the increased interest in the Greater Edmonton area as a place to live and invest. A critical factor in this seller's market is the stark 1.75 months of supply, substantially below average and the lowest we've seen in April since I've been keeping track in 2008 (the only other times we've fallen below 2 months of supply was in February and March of 2022).
Inventory Dynamics and Market Pressures
With new listings up by 12% over the last year, relief in the tight…
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