St. Albert Market Stats - March 2022

Not surprising, the St. Albert market saw a dramatic increase in sales in March over February. March 2022 also saw an increase in sales over the same month in 2021 by 3.8%. 

Sales to listing ratio is where the real difference is, at 1.005% of asking price which is a 1.84% increase over March of 2021. It's been a long time since we've seen the average sale price exceed the average list price. 

This sales-to-listing price ratio likely accounts for the increase in average sale price of $34,000 year-over-year. 

Moving into April we expect pressure to continue on the market, as inventory remains low but demand remains high.