Edmonton, March 2, 2022: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for February 2022 increased 69.3% compared to January 2022 and increased 41.7% from February 2021.
New residential listings increased both 13.7% year-over-year and 39.6% month-over-month from January 2022.
For February, single-family home unit sales are up 35.6% from February 2021 and up 71.9% from January 2022 at 1,394.
Single-family homes averaged $493,543, a 12.7% year-over-year increase and a month-over-month increase of 10.8%.
Single-family homes averaged 42 days on the market, a five-day decrease from February of last year. Overall, all residential listings averaged 47 days on the market, decreasing by five days year-over-year and down 10 days as compared to January 2022.