Edmonton, July 5, 2022:
Total residential unit sales in the Greater Edmonton Area (GEA) real estate market decreased 9.2% compared to May 2022 and saw a year-over-year decrease of 4.6% from June 2021.
New residential listings decreased 8.3% month-over-month from May 2022, but there was an increase of 4.1% from June of last year.
For June, single-family home unit sales were down 8.2% from June 2021, and decreased 11.6% from May 2022 at 1,534.
Single-family homes averaged $494,302, a 4.5% year-over-year increase and a month-over-month increase of 0.3%.
Single-family homes averaged 27 days on the market, seeing an increase of four days from May 2022. Overall, all residential listings averaged 33 days on the market, increasing by four days month-over-month and down two days as compared to June 2021.
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