These charts really tell the story about what is happening with the Edmonton real estate market. Sales are up 14% over last year, while inventory is up 7% over last year to the highest level we've seen in January in 10 years. A lot of buyers seem to have moved their purchase forward due to rising mortgage rates. The average price is up 0.64% over last year and the median price is down 2.9%: Our preliminary stats on the Edmonton real estate market in January showed:
- Single-family home sales were up 12% over last January, while condo sales were up 29%
- Single-family prices were up 3.2% to $438,852 and condo prices were down 8.9% to $221,736
- The average price per square was equal to last year at $281 for single-family and down $18 to $220 for condos.