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  • Writer's pictureNick Hirschmann

2024 Housing Market Forecast for Greater Edmonton

The Real Estate Association of Edmonton (RAE) expects the market to

remain stable and balanced throughout 2024, with opportunities for both

selling and buying. It predicts a 2.8% increase in total sales from 2023, as

follows: 5% more houses, 4% more half duplexes, 4.4% more apartments,

and 2% more townhouses.

RAE also expects 1.2% increase in average residential sale price from

2023, and an increase of almost 5% in listings overall, particularly for half

duplexes (9.2%).

Demand from buyers and investors for apartments will continue to be high,

mainly due to the increase in interest rates that reduced the purchasing

budget for some buyers and had others opt to continue renting.

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