“June sees continued cooling of housing market in Edmonton”
Total residential unit sales in the Greater Edmonton Area (GEA) real estate market decreased 9.2% compared to May 2022 and saw a year-over-year decrease of 4.6% from June 2021.
New residential listings decreased 8.3% month-over-month from May 2022, but there was an increase of 4.1% from June of last year.
“We continue to see a gradual decrease across the board in the Edmonton real estate market,” says REALTORS® Association of Edmonton Chair Paul Gravelle. “As interest rates and inflation continue to rise, we anticipate that we will see further impacts on the housing market in the days to come.”
Let me know if you have any questions or would like to know what these numbers mean to you whether 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