Edmonton's real estate market is cooling and moving toward balance between buyers and sellers. The average home price rose 1.2% year-over-year to $466,800 but dropped 2% quarterly. Single-family detached homes increased 2% to $515,900. Sales are expected to dip 5%, new listings to rise slightly, and prices to grow modestly by 1.3%. Condo prices may decline due to oversupply. Interest rates remain stable, supporting market activity.
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