The May condo market continued to surprise. Our current market favours condo sellers.
In May 2022, average sales prices were $236,464 compared to $232,745 in May 2021. This is an increase of 2% when compared to May 2021. The blended average increase for the year to date is about 4%.
In May 2021 there were 470 total Edmonton sales registered. In May 2022, 570 sales were registered. This is an impressive increase of 21% over the year before. As these numbers confirm, condos have really caught buyers attention this year.
Days on Market
Condominiums sold in May 2022 after an average of 45 days, compared to 47 days in May 2021. As the market continues to ‘speed up’ this confirms the boldness that many…
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