January had meaningful increases and decreases in the market compared to that of 2022, so let’s have a look at the real estate market stats in Edmonton.
Home Prices
January’s average sales price reached $354,000, which is a slight 0.9% increase from December but a 6.3% decrease from January 2022.
Sales and Inventory
The sales for January 2023 dipped by 64.9% compared to 2022, coming in at 704. The inventory clocked in at 3,837, which is about 13.2% more than in 2022.
Conclusion
Where home prices and sales decreased in year-over-year prices, the inventory in Edmonton for January 2023 increased.
Data provided by REALTORS® Association of Edmonton. For more information, visit their website.
