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Predictable real estate patterns unaffected by interest rate changes

There were a total of 2,256 residential sales in the Greater Edmonton Area (GEA) during September 2024, a 12.6% decrease from August 2024, but 10.0% higher than September 2023. New residential listings amounted to 3,215, down 4.6% from August, and up 6.4% from September 2023. Overall inventory in the GEA decreased 1.7% month-over-month and 12.1% year-over-year