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Detached Single Family Home Sales in Edmonton: A Market Update for April 2023
Interactive bar graphs
New listing count for single family homes in the city has decreased from last year 33.2%. 1.36K new listings came on market in April.
With the decreased inventory for single family homes listing prices have risen to $554K, a slight in crease of 2.75%.
A total of 758 single family homes sold in April that’s a decrease of 32.6%. 1.1K sold in April 2022
The average price of sold homes has decreased to $492k year over year for the month of April. Down 4.7% from $516.2k in April 2022. There is a large disconnect in listing price to sales price making it more of a buyers market, however they are many multiple offer situations happening as buyers compete for the same homes.
Days on Market has also increased upto an average of 70 days on Market before sale, an increase of 133% over last year.
