Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2022 increased 45.4% compared to February 2022 and increased 34.7% from March 2021. New residential listings increased both 7.6% year-over-year and 47.7% month-over-month from February 2022.

For March, single-family home unit sales are up 21.2% from March 2021 and up 37.7% from February 2022 at 1,920.

Single-family homes averaged $503,711, a 9.9% year-over-year increase and a month-over-month increase of 2.0%.

Single-family homes averaged 27 days on the market, a 15-day decrease from February 2022. Overall, all residential listings averaged 34 days on the market, decreasing by eight days year-over-year and down 13 days as compared to February 2022.