The April market performed amazingly well compared to the same time last year.
In April 2022, average sales prices topped half a million. The average price was $501,801 compared to $458,348 in April 2021. This is an increase of 9% when compared to April 2021. The ‘blended’ increase for the year so far is 8%.
In April 2021 there were 1434 total Edmonton sales registered. In April 2022, there was 1429 sales registered. Its about the same as last year.
Days on Market
Buyers continued to quickly select homes in April 2022 and the average time to sell was only 23 days, compared to 33 days in April 2021.
At the end of April there was 1893 single family homes for sale equal to 1.32 months’ supply.
In general anything less than four months of supply is considered a sellers’ market. Four to six months is balanced and anything above six months of supply is considered a buyers’ market.
Leverage resides with sellers at this time, and I expect to see values climb higher during the next two quarters of 2022.
Look for my May 2022 report during the first week of June. Thank you.
About the author:
You can read more about the author of this blog by clicking this link - Stuart Neal, Broker, REALTOR® & Team Lead.
Our FLAT FEE home selling program gives clients proven results & affordability. To learn more call our Broker Owner & Team Lead Stuart Neal at: 780-760-2014 or visit our program page www.FixedFeeRealtyAdvisors.ca
Get the answers to your questions.
Go to our You Tube Channel for buyers and sellers Stuart Neal - Real Estate Advice TV.
Posted by Stuart Neal on
Leave A Comment