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