New year, new market stats! Let’s take a look at how 2022 started off in the Edmonton market.
Home Prices
January saw an average all-residential selling price of $376,000. While there was a slight dip in month-over-month sales, January shows a 3.2% increase from 2021 to 2022.
Sales and Inventory
January’s 2022 real estate sales increased by 19.8% compared to 2021 sales, bringing in roughly 992 sales. The inventory for the month sits at 3,731, about 14% less than the previous year.
Conclusion
January 2022 saw meaningful increases in the real estate market.
