Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for May 2023 hit 2,719, decreasing 6.8% compared to May 2022 but increasing 34.4% from April 2023. Total residential average prices hit $420,507, a 1.5% decrease from May 2022, and an increase of 2.8% from April 2023. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $378,800, resulting in an increase of 0.5% from April 2023, but a decrease of 8.4% from May 2022.

New residential listings were down 17% year-over-year from May 2022, while also noting an increase of 14.2% from April 2023. Overall inventory in the GEA was down 5.9% from May of last year, and up 2.6% from the previous month. 

All residential listings averaged 42 days on the market, increasing by 13 days year-over-year and dropping two days from April 2023.

Detached homes averaged 40 days on the market, a two-day decrease from April 2023. They averaged $512,338, a 1.2% year-over-year increase and an increase of 2.3% from April 2023. Detached unit sales were down 9.6% from May 2022, but saw an increase of 37.7% from April 2023 at 1,692. 

Semi-detached homes averaged 37 days on the market, decreasing four days from the previous month. They sold for an average of $381,968, resulting in a small 0.7% decrease year-over-year, but saw an increase of 0.8% from the previous month. Semi-detached unit sales were down 12.8% year-over-year but increased by 38.4% from April 2023. 

Row/townhouses averaging 42 days on the market, a decrease of three days month-over-month. Their prices were down both 4.3% from May 2022 and 3.1% month-over-month, selling at $253,417. Row/Townhouse unit sales saw increases in both year-over-year and month-over-month, noting improvements of 4.1% and 27.8% respectively. 

Apartment condominiums averaged 56 days on market, showing no change from April 2023. They average prices hit $193,218, showing decreases of 0.3% from last month and 8.1% from May 2022. Apartment Condominium unit sales also had increases of 3.7% from May 2022 and 22.2% from the previous month.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠

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

Watch Video
Read Full Market Stats Report
Start Home Search
Start Home Evaluation

The GEA real estate market experienced a significant decrease of 30.8% in residential unit sales in April 2023 compared to April 2022. New residential listings also saw a decline of 26% YoY, but increased by 6% from March 2023. The overall inventory increased by 7.4% YoY and 9.3% from the previous month.

The average price for residential properties in the GEA was $408,631, a drop of 6% from April 2022, but an increase of 4.8% from March 2023.The composite benchmark price for the MLS® Home Price Index (HPI) was $379,500, a 0.4% increase from March 2023 and a 9.1% decrease from April 2022.

Detached unit sales were down 32.9% YoY, but increased by 14.2% MoM to 1,229 units sold. Semi-detached unit sales decreased by 37% YoY, but increased by 19.3% from March 2023. Sales of row/townhouse units were down 23% YoY but increased by 0.7% MoM. Sales of apartment condominium units decreased by 23.2% compared to April 2022, but increased by 1.3% from the previous month.

On average, all residential listings in the GEA stayed on the market for 44 days, an increase of 14 days from last year and a decrease of five days from March 2023. If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠

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

Watch Video
Read Full Market Stats Report
Start Home Search
Start Home Evaluation

Sales in March 2023 in the Greater Edmonton Area (GEA) real estate market decreased 44.6% compared to March 2022 but saw an increase of 42.1% from February 2023. New listings were down 22% year-over-year, while also noting an increase of 32.3% from February 2023. Overall inventory was up 22.1% from March of last year, and up 11.8% from the previous month. Total average price hit $390,063, a 9.5% decrease from March 2022, and an increase of 5.6% from February 2023. 

Detached sales were down 47.5% from March 2022, but saw an increase of 48.4% from February 2023 at 1076. They averaged $485,739, a 6.4% year-over-year decrease and a 5.7% increase from February 2023 and averaged 46 days on the market, an 8-day decrease from February 2023. 

Semi-detached sales were down 58.2% year-over-year but increased by 20.7% from February 2023. They sold for an average of $365,455, resulting in a small 4.1% decrease year-over-year, saw an increase of 2.2% from the previous month and averaged 39 days on the market, decreasing 17 days from the previous month.

Row/Townhouse sales decreased 45% year-over-year and increased 49.2% month-over-month. Prices were down 7.4% from March 2022 and 1.4% month-over-month, selling at $247,796. They averaged 52 days on the market, a decrease of 8 days month-over-month. 

Apartment Condominium sales saw a decrease of 19% from March 2022 but increased 30.1% from the previous month. They averaged $192,746, showing an increase of 2.9% from last month, and a decrease of 5.2% from March 2022 and averaged 60 days on market, showing a decrease of 5 days from February 2023. 

The MLS® Home Price Index (HPI) composite benchmark price* came in at $377,900, resulting in an increase of 1.7% from February 2023, but a decrease of 7.8% from March 2022. Overall, all residential listings averaged 49 days on the market, increasing by 15 days year-over-year and dropping eight days from February 2023.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠ 📧 📲⁠

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

Watch Video
Read Full Market Stats Report
Start Home Search
Start Home Evaluation

Total sales in the Greater Edmonton Area (GEA) real estate market for February 2023 decreased 43.4% compared to February 2022 but saw an increase of 31.2% from January 2023. New residential listings were down 12.9% year-over-year from February 2022, while also noting an increase of 15.1% from January 2023. Overall inventory in the GEA was up 20.8% from February of last year, and up 8.5% from the previous month. 

Detached sales were down 50.9% from February 2022, but saw an increase of 24.4% from January 2023 at 725. They averaged $459,600, a 9% year-over-year decrease and a 1.8% increase from January 2023. Detached homes averaged 54 days on the market, an 11-day decrease from January 2023.

Semi-detached sales were down 47.7% year-over-year but increased by 50% from January 2023. They sold for an average of $357,611, resulting in a small 0.6% decrease year-over-year, with prices down 0.7% compared to January 2023. Semidetached homes averaged 56 days on the market, increasing 6 days from the previous month.

Row/Townhouse sales also decreased 33.9% year-overyear and increased 26.4% month-over-month. Prices were down 4.3% from February 2022, but were up 1.4% month-over-month, selling at $251,332. Row/townhouses averaging 60 days on the market, a decrease of 3 days month-over-month.

Apartment Condominium sales saw only a minimal decrease of 2.1% from February 2022 but increased 47.7% from the previous month. They averaged $187,325, showing both a decrease of 0.1% year-over-year and 0.8% from last month. Apartment condominiums averaged 65 days on market, showing a large decrease of 17 days from January 2023. 

Total residential average prices hit $369,286, a 13% decrease from February 2022, and a 0.2% decrease from January 2023. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $371,600 seeing a drop of 5.9% from February 2022, but an increase of 0.8% from January 2023. 

Overall, all residential listings averaged 57 days on the market, increasing by 10 days year-over-year and dropping nine days from January 2023.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠ 📧 📲

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

Watch Video
Read Full Market Stats Report
Start Home Search
Start Home Evaluation

Total sales in the Greater Edmonton Area (GEA) real estate market for January 2023 decreased 25.8% compared to January 2022 and saw a small decrease of only 0.2% from December 2022. New residential listings were up 8.5% year-over-year from January 2022, while also noting an increase of 94.8% from December 2022. Overall inventory in the GEA was up 13.2% from January of last year, and up 5.3% from the previous month. 

Detached sales were down 32.1% from January 2022, but saw a small increase of 1.4% from December 2022 at 583. They averaged $451,659, a 2.1% year-over-year decrease and a 4.2% decrease from December 2022. Detached homes averaged 65 days on the market, an 11-day increase from January of last year.

Semi-detached unit sales were down 35.9% year-over-year but increased by 2.0% from December 2022.  They sold for an average of $355,086, resulting in a 5.2% decrease year-over-year, with prices down 0.9% compared to December 2022. Semi-detached homes averaged 50 days on the market, decreasing seven days year-over-year.

Row/Townhouse unit sales also decreased 5.7% yearover-year and increased 10.4% month-over-month. Prices increased both 1.2% from January 2022 and 4.4% month-over-month, selling at $247,761. Row/townhouses averaging 63 days on the market, an increase of five days from January 2022.

Apartment Condominium unit sales saw no changes from January 2022 but decreased 12.9% from the previous month. They averaged $189,631, with a 5.5% increase from the previous month and a 2.3% drop year-over-year. Apartment condominiums averaged 82 days on market, showing only a one-day increase from last year.

All residential average prices hit $370,068, a 6.2% decrease from January 2022, and 1.4% decrease from December 2022. 

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $368,800, seeing both a 3.7% decrease from January 2022 and 1.2% from December 2022. 

Overall, all residential listings averaged 66 days on the market, increasing by eight days both year-over-year and from December 2022.

If you or someone you know have questions about how this may impact your home selling or buying decision, send me a message!⁠ 📧 📲

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

Watch Video
Read Full Market Stats Report
Start Home Search
Start Home Evaluation

Read Full Market Stats Report

Total residential unit sales decreased by 26.1% compared to December 2021 and decreased by 22.1% from November 2022. New residential listings were down 12.9% year-over-year from December 2021, and down month-over-month, decreasing 38.8% from November 2022. Inventory was up 6.1% from December of last year but decreased 21.8% from November 2022.

Single-family home sales are down both 31.9% from December 2021 and 24.2% from November 2022, averaging $457,371, a 1.0% year-over-year decrease and a 0.6% increase from November 2022. They spent an average of 52 days on the market, a 6-day increase from December of last year.

Condo sales were down 2.8% year-over-year and decreased 15.5% from November 2022, averaging $207,114, resulting in a 4.6% decrease year-over-year, with prices down 4.4% compared to November 2022. They spent an average of 70 days on the market, increasing by 5 days year-over-year.

Duplex/rowhouse sales also fell 41.9% year-over-year and 33.6% month-over-month. Prices decreased 1.9% from December 2021, selling at $356,822, a 0.7% decrease from November 2022. They spent an average of 47 days on the market, with no change being reported from December 2021.

All residential prices average at $361,172, a 5.2% decrease from December 2021, and a 1.9% decrease from November 2022. The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $373,200, a 0.9% decrease from December 2021 and 0.1% from November 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!

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

Read Full Market Stats Report

Total sales decreased by 14.8% compared to October 2022 and saw a year-over-year decrease of 31.2% from November 2021. New residential listings decreased 22.4% month-over-month from October 2022, with a marginal decrease of 4.3% from November of last year.⁠

Single-family home sales were down both 36.2% from November 2021 and 18.5% from October 2022 at 708. They averaged $454,541, a slight 0.6% year-over-year decrease and a month-over-month loss of 1.8%. Averaging 49 days on the market, increasing by 5 days since last month.⁠

Condo unit sales decreased 11.0% from November 2021 and were down 5.6% from October 2022. They sold for an average of $216,690, with a decrease of 4.0% year-over-year and 3.4% compared to October 2022. Averaging 58 days on the market, increasing by 3 days month-over-month.

Duplex/rowhouse unit sales were down both 42.3% year over year and 14.1% from last month. They increased 4.3% from November 2021, selling at $362,606, with a 2.5% decrease from October 2022. Averaging 52 days on the market, increasing by 4 days as compared to last month.⁠

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $373,400, signaling a 0.9% decrease from November 2021, and a loss of 1.5% from October 2022.⁠

Overall, all residential listings averaged 52 days on the market, increasing by 5 days month-over-month and a 3-day change recorded from November 2021.⁠

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!⁠

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

Read Full Market Stats Report⁠

Total residential sales decreased 6.7% compared to September 2022 and saw a year-over-year decrease of 21% from October 2021. ⁠

New residential listings decreased 13% month-over-month from September 2022 and saw a slight increase of 0.8% from October last year. ⁠

Overall, all residential listings averaged 47 days on the market, decreasing one-day month-over-month, and no change was recorded from October 2021.⁠

Single-family home unit sales were down both 22.59% from October 2021 and 2.8% from September 2022 at 869. They averaged 44 days on the market, seeing no month-over-month increase. Single-family homes averaged $462,858, a 2.7% year-over-year increase and a month-over-month loss of 0.3%. ⁠

Duplex/rowhouse unit sales were down both 27% year-over-year and 12.4% from last month. Prices increased 3.7% from October 2021, selling at $372,027, and saw a 1% decrease from September 2022. Duplexes averaged 48 days on the market, increasing by three days as compared to last month. ⁠

Condo unit sales decreased 14.7% from October 2021 and were down 13.9% from September 2022. They sold for an average of $224,252, seeing a small decrease of 0.3% year-over-year and increasing 1.7% when compared to September 2022. Condos averaged 55 days on the market, decreasing by one-day month-over-month. ⁠

The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $378,900, both a 0.7% decrease from October 2021 and a decrease of 2.5% from September 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!⁠
⁠
Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
780-982-1589⁠