oct 22 market stat

October 2022 Market Stats in Edmonton

Winter has arrived and the market feels about as cool as the air. However, we did peg some reassuring increases income prices and inventory, let’s take a look!

Home Prices

October’s average sales price rang in at $375,000, which increased by a slight 0.3% compared to September, but decreased approximately 1% in year-over-year prices.

Sales and Inventory

The inventory for October increased by 18% compared to 2021, coming in at 5,617. However home sales decreased just over 19% compared to October 2021, coming in at 1,053.

Conclusion

Although the market cooled off in a few spots, we still saw some encouraging increases in month-over-month home prices and year-over-year inventory.

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