Total residential unit sales in the Greater Edmonton Area (GEA) real estate market decreased 23.8% compared to June 2022 and saw a year-over-year decrease of 10.3% from July 2021.

New residential listings decreased 14.8% month-over-month from June 2022 but saw an increase of 6.2% from July of last year.

Single-family home unit sales were down both 12.4% from July 2021 and 24.4% from June 2022 at 1,159.

Single-family homes averaged $489,370, a 5.0% year-over-year increase and a month-over-month decrease of 1.0%.

Single-family homes averaged 33 days on the market, seeing an increase of six days from June 2022. Overall, all residential listings averaged 39 days on the market, increasing by six days month-over-month, with no change recorded when compared to July 2021.