Edmonton, May 2, 2022: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for April 2022 decreased 10.9% compared to March 2022 and increased 2.0% from April 2021.
New residential listings increased both 8.8% year-over-year and 11.9% month-over-month from March 2022.
For April, single-family home unit sales were down both 6.3% from April 2021 and 11.3% from March 2022 at 1,704.
Single-family homes averaged $510,988, an 11.4% year-over-year increase and a month-over-month increase of 1.4%.
Single-family homes averaged 23 days on the market, a four-day decrease from March 2022. Overall, all residential listings averaged 31 days on the market, decreasing by six days year-over-year and down three days as compared to March 2022.