How was the market activity in September 2022

Edmonton, October 4, 2022:

Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for September decreased 12.2% compared to August 2022 and saw a year-over-year decrease of 15.7% from September 2021.
New residential listings increased 1.7% month-over-month from August 2022 and saw a small increase of 3.7% from September of last year.
Single-family home unit sales were down both 21.9% from September 2021 and 13.5% from August 2022 at 894.
Single-family homes averaged $463,051, a 2% year-over-year increase and a month-over-month decrease of 1.1%.
Single-family homes averaged 44 days on the market, seeing an increase of seven days from August 2022. . Overall, all residential listings averaged 48 days on the market, increasing by four days month-over-month and four days when compared to September 2021.
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