Edmonton's real estate market has cooled compared to recent years, with sales down 14% and inventory up 24%. Townhome and apartment condo markets are saturated, while semi-detached home sales rose 6%. New home construction and lower immigration have impacted demand. Detached homes remain desirable, especially in affordable areas, with some selling above list price. Condos favor buyers, but conversions to rentals may boost demand. Market stability is expected ahead.
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