Edmonton Real Estate Market Update - April 2022
Edmonton real estate continues to see property values increase, time to sell decrease, and a shortage of inventory. But that doesn't tell the whole story!
Edmonton say a 9.85% increase in sales over April of 2021, but the listing inventory actually increased in April 2022 compared to April 2021 by 11.19%. This means the number of available homes is increasing relative to the number of sales.
Days on Market for active listings is down though, only 46 days on average vs. 73 days in 2021. That's a 23.33% decrease.
Meanwhile the average sale price is up 5.91% compared to April 2021, and the year-to-date property value has increased 6.07% so far in 2022.
In Edmonton the average home sold for $412,000 in April 2022.