Edmonton, February 2, 2022: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2022 increased 1.5% compared to December 2021 and increased 14.4% from January 2021.
New residential listings decreased 8.9% year-over-year from January 2021. However, new residential listings are up month-over-month, increasing 55.7% from December 2021. Overall inventory in the GEA was down 14.8% from January of last year but increased 5.0% from December 2021.
For January, single-family home unit sales are up 10.0% from January 2021 and up 3.5% from December 2021 at 811.
All residential average prices are at $376,923, a 1.1% decrease from January 2021, and a 3.5% increased from December 2021. Single-family homes averaged $445,932, a 4.3% year-over-year increase and a 3.6% decrease from December 2021.
Single-family homes averaged 51 days on the market, an eight-day decrease from January of last year. Overall, all residential listings averaged 57 days on the market, ...
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