December 2022 Market Update

The greater Edmonton area real estate market remains balanced, with just over 5 months of inventory. The benchmark price has remained stable again this month, declining just under 1%, while sales dropped 26% compared to last year. Sales are still slightly higher than they usually are at this time of year and higher than we saw before the pandemic. Inventory has risen 11% over last year but remains in the normal range. 

City of Edmonton Stats

Single Family home sales have decreased from last year and are now at pre-pandemic levels, while condo sales have increased over last year.