May supplied some encouraging data for the market stats in Edmonton! Let’s have an overall look at some of the stats provided by RAE.
Home Prices
May’s average all-residential selling price was $407,000. The month-over-month prices decreased by 1.6%. The year-over-year price increased by 0.8%.
Sales and Inventory
Real estate sales increased by 4.1% compared to 2021 in May, bringing in around 1,979 sales. The inventory for the month finished at 6,042, which is a glaring 15.6% more than 2021.
Conclusion
Overall, the month of May had some notable increases in home prices, inventory, and sales in Edmonton.
Data provided by REALTORS® Association of Edmonton. For more information, visit their website.
