Edmonton, December 2, 2021: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for November 2021 increased 30.9% compared to November 2020 and decreased 2.1% from October 2021.
New residential listings increased 16.1% year-over-year from November 2020. However, new residential listings are down month-over-month, decreasing 18.9% from October 2021. Overall inventory in the GEA was down 10.2% from November of last year and decreased 14.9% from October 2021.
For November, single-family home unit sales are up 24.2% from November 2020 and down 1.2% from October 2021 at 1,112.
All residential average prices are at $384,319, a 2.0% increase from November 2020, and a 1.8% increase from October 2021. Single-family homes averaged $456,956, a 3.9% year-over-year increase and a 1.5% increase from October 2021.
Single-family homes averaged 42 days on the market, a seven-day decrease from November of last year. Overall, all residential listings averaged 49 days on the market, decreasing by five days year-over-year and increasing by two days compared to October 2021.