The November market performed well.

Sales Prices

In November 2022, average sales prices were slightly UP compared to last year. The average sales price for November was around $450,000 compared to around $445,000 in November last year. And sales prices are trending 4% UP for the entire year.

Sales Volume

After the record-breaking start to the year, sales volume has dropped off dramatically. Sales volume will likely end the year with around 650 fewer units being sold in 2022 when compared to 2021, a drop of about 5%.

We expect to see just under 12,500 single family homes sell in the Edmonton area by the end of 2022. Note although down on 2021, its still around 3000 units or 33% up on 2020.

Days on Market

Buyers were taking their time to select a home in November. The average time to sell was 50 days, compared to 47 days in November 2021. Days on market usually extends out as the market matures towards the end of the year.


Supply is now at an all year high of 7 ½ months. Supply should moderate as unmotivated sellers leave the market now that winter is upon us.

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.

For now, we are in a buyer’s market. This could quickly change as we move beyond Christmas and into the traditional late winter and early spring market.

Round Up

Motivated home sellers are encouraged to price realistically and base their pricing on sales prices achieved over the last 60 days. There are many buyers looking to move in during the Christmas holiday season.

There’s still time to catch those buyers if you bring your home to the market quickly.

Look for my December 2022 report during the first week of January. Thank you.

About the author:

You can read more about the author of this blog by clicking this link - Stuart Neal, Team Lead & REALTOR®.

Our proven & affordable FIXED FEE home selling system gives clients the best combination of price & value for home selling services. To learn more, call our Team Lead Stuart Neal at: 780-760-2014 or visit our program selling system page

Get the answers to your questions. Go to our You Tube Channel for buyers and sellers Stuart Neal - Real Estate Advice.

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