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Edmonton Real Estate Housing Market Update

September 2022 Market Update

Total unit sales decreased 12.2% compared to August 2022 and saw a year-over-year decrease of 15.7% from September 2021. All residential listings averaged 48 days on the market, increasing by 4 days month-over-month and 4 days compared to September 2021.More...



Total unit sales decreased 12.2% compared to August 2022 and saw a year-over-year decrease of 15.7% from September 2021. All residential listings averaged 48 days on the market, increasing by 4 days month-over-month and 4 days compared to September 2021.

New listings increased 1.7% month-over-month from August 2022 and saw a small increase of 3.7% from September of last year.

Single-family sales were down both 21.9% from September 2021 and 13.5% from August 2022. They averaged $463,051, a 2% year-over-year increase and a month-over-month decrease of 1.1%, and averaged 44 days on the market, an increase of 7 days from August 2022.

Condo sales saw a decrease of 1.5% from September 2021 and were down 13.2% from August 2022. They sold for an average of $220,013, seeing a slight decrease of 1.9% year-over-year and no change when compared to August 2022. Condos averaged 56 days on the market, increasing by 2 days month-over-month.

Duplex/rowhouse unit sales were down both 7.2% year-over-year and 4.9% from last month. Duplex prices increased 11.6% from September 2021, selling at $375,923, and saw a 4.3% decrease from August 2022. Duplexes averaged 45 days on the market, an 8-day increase compared to last month.

The MLS® Home Price Index (HPI) composite benchmark price* came in at $388,800, a 2.2% increase from September 2021, with a small decrease of 2.6% recorded from August 2022.

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!

Read Full Market Stats Report

Craig Finnman
Re/Max Elite
craig@craigfinnman.ca
780-982-1589

AUGUST 2022 MARKET UPDATE

Total sales decreased 8.3% compared to July 2022 and saw a year-over-year decrease of 12.0% year-over-year from August 2021. New listings decreased 10.5% month-over-month from July 2022 but increased by 0.9% from August of last year. ⁠More...


Total sales decreased 8.3% compared to July 2022 and saw a year-over-year decrease of 12.0% year-over-year from August 2021. New listings decreased 10.5% month-over-month from July 2022 but increased by 0.9% from August of last year. ⁠

Single-family home sales totaled 1,034, down 17.0% from August 2021 and 10.8% from July 2022. Condo sales increased 5.8% from August 2021 but were down 1.5% from July 2022. Duplex/rowhouse sales were down 22.7% year-over-year and 15.0% from last month. ⁠


Single-family homes averaged $469,757, an increase of 1.8% year-over-year and a 4.1% decrease month-over-month. All residential listings averaged 42 days on the market, an increase of 3 days month-over-month.⁠

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!⁠

Read Full Market Stats Report

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠

July 2022 Market Update

Total sales decreased 23.8% compared to June 2022 and saw a year-over-year decrease of 10.3% from July 2021. New listings decreased 14.8% month-over-month from June 2022 but saw an increase of 6.2% from July of last year. Overall, all residential listings averaged 39 days on the market, increasing by 6 days month-over-month, with no change recorded when compared to July 2021.More...



Total sales decreased 23.8% compared to June 2022 and saw a year-over-year decrease of 10.3% from July 2021. New listings decreased 14.8% month-over-month from June 2022 but saw an increase of 6.2% from July of last year. Overall, all residential listings averaged 39 days on the market, increasing by 6 days month-over-month, with no change recorded when compared to July 2021.

Single-family home unit sales were down both 12.4% from July 2021 and 24.4% from June 2022 at 1,159. They averaged $489,370, a 5.0% year-over-year increase and a month-over-month decrease of 1.0%. Single-family homes averaged 33 days on the market, seeing an increase of 6 days from June 2022. 

Condo unit sales also decreased 1.6% from July 2021 and 22.1% from June 2022. They sold for an average of $229,463, seeing a small decrease of 4.4% year-over-year and 3.7% when compared to June 2022. Condos averaged 52 days on the market, increasing by 7 days month-over-month.

Duplex/rowhouse unit sales were down both 12.7% year-over-year and 21.3% from last month. Their prices increased 4.3% from July 2021, selling at $372,864, but saw a 3.9% decrease from June 2022. Duplexes averaged 34 days on the market, a 5-day increase compared to last month.

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $410,700, a 6.8% increase from July 2021, with a nominal decrease of 1.4% recorded from June 2022. 

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!

Read Full Market Stats Report

Craig Finnman 
Re/Max Elite  
craig@craigfinnman.ca 
780-982-1589

June 2022 Market Update

Total sales decreased 9.2% compared to May 2022 and saw a year-over-year decrease of 4.6% from June 2021. New listings decreased 8.3% month-over-month from May 2022, but increased 4.1% from June of last year. Overall, all residential listings averaged 33 days on the market, increasing by 4 days month-over-month and down 2 days as compared to June 2021.More...



Total sales decreased 9.2% compared to May 2022 and saw a year-over-year decrease of 4.6% from June 2021. New listings decreased 8.3% month-over-month from May 2022, but increased 4.1% from June of last year. Overall, all residential listings averaged 33 days on the market, increasing by 4 days month-over-month and down 2 days as compared to June 2021.

Single-family home unit sales were down 8.2% from June 2021, and decreased 11.6% from May 2022 at 1,534. They averaged $494,302, a 4.5% year-over-year increase and a month-over-month increase of 0.3%. They averaged 27 days on the market, seeing an increase of 4 days from May 2022. 

Condo sales increased 1.8% from June 2021 but were down 4.3% from May 2022. They sold for an average of $238,377, seeing a small decrease of 1.6% year-over-year, and down 0.3% when compared to May 2022. Condos averaged 45 days on the market, increasing by 1 day month-over-month.

Duplex/rowhouse unit sales were down both 4.7% year-over-year and 11.6% from last month. Duplex prices increased 9.1% from June 2021, selling at $387,811, but saw a 2.0% decrease from May 2022. Duplexes averaged 29 days on the market, a 4-day increase compared to last month. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $416,700, an 8.3% increase from June 2021, with a nominal decrease of 0.1% recorded from May 2022. 

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!

Read Full Market Stats Report

Craig Finnman 
Re/Max Elite  
craig@craigfinnman.ca 
780-982-1589


May 2022 Market Update

Total sales decreased 1.6% compared to April 2022, yet saw a year-over-year increase of 4.4% from May 2021. New listings increased 2.1% month-over-month from April 2022 and 13.1% from May of last year. Overall, all residential listings averaged 29 days on the market, decreasing by 4 days year-over-year and down two days as compared to April 2022.More...


Total sales decreased 1.6% compared to April 2022, yet saw a year-over-year increase of 4.4% from May 2021. New listings increased 2.1% month-over-month from April 2022 and 13.1% from May of last year. Overall, all residential listings averaged 29 days on the market, decreasing by 4 days year-over-year and down two days as compared to April 2022.

Single-family home sales were down 3.4% from May 2021, but increased 1.9% from April 2022 at 1,736. They averaged $492,037, a 5.7% year-over-year increase and a month-over-month decrease of 3.7%. Single-family home averaged 23 days on the market, seeing no change from April 2022.

Condo sales increased 28.6% from May 2021 but were down 9% from April 2022. They sold for an average of $239,011, seeing a decrease of 1.2% year-over-year, with only an increase of 0.3% when compared to April 2022. Condos averaged 44 days on the market, decreasing by 1 day month-over-month.

Duplex/rowhouse unit sales were up 5.8% year-over-year yet decreased 1.4% month-overmonth. Duplex prices increased 10.5% from May 2021, selling at $395,783, resulting in a 3.3% decrease from April 2022. Duplexes averaged 25 days on the market, a 1-day increase compared to last month. 

The MLS® Home Price Index (HPI) composite benchmark price* came in at $417,300, a 9.2% increase from May 2021, with no change being recorded from April 2022.

If you or someone you know is looking to sell your home in Edmonton or Sherwood Park, contact me to discuss how this impacts your selling decision!

Read Full Market Stats Report

Craig Finnman 
Re/Max Elite  
craig@craigfinnman.ca 
780-982-1589

Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.