āResidential Inventory Still Strong in Aprilā
For April, single-family home unit sales were down both 6.3% from April 2021 and 11.3% from March 2022 at 1,704. Condo unit sales increased 26.6% from April 2021 but were down 7.2% from March 2022. Duplex/rowhouse unit sales were up 2.0% year-over-year yet decreased 20.6% month-over-month.
Single-family homes averaged 23 days on the market, a four-day decrease from March 2022. Condos averaged 45 days on the market, decreasing by six days month-over-month, while duplexes averaged 24 days on the market, a five-day decrease compared to last month. Overall, all residential listings averaged 31 days on the market, decreasing by six days year-over-year and down three days as compared to March 2022.
Let me know if you have any questions or would like to know what these numbers mean to you if you are buying or selling. If you are also looking into investing, now might be the right time to start your search!
Source: https://www.realtorsofedmonton.com/Market-Stats/Monthly-Housing-Statistic