November 2022 Real Estate Market Stats in Edmonton

The housing market in November has quieted down, with notable year-over-year decreases.

November 2022 Edmonton Market Statistics

Home Prices

The average sales price for November is around $366,000, which decreased approximately 2.5% compared to October 2022 and decreased 4.8% compared to November 2021.

Sales and Inventory

The sales for the month decreased a significant 30% in comparison to November 2021, clocking in at 908. The inventory sits at 5,012, which is 7.2% less than last year.

Conclusion

The market in Edmonton cooled off for the month of November, particularly visible in the year-over-year changes.

Data provided by REALTORS® Association of Edmonton. For more information, visit their website.