March 2023 Edmonton Market Update: "Spring Market Has Sprung As Edmonton Sees Month-Over-Month Growth"
Posted by Paul Lamba on
Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2023 decreased by 44.6% compared to March 2022 but saw an increase of 42.1% from February 2023. New residential listings were down 22% year-over-year from March 2022 while also noting an increase of 32.3% from February 2023. Overall inventory in the GEA was up 22.1% from March of last year and up 11.8% from the previous month.
For March, detached unit sales were down 47.5% from March 2022 but saw an increase of 48.4% from February 2023 at 1076. Semi-detached unit sales were down 58.2% year-over-year but increased by 20.7% from February 2023. Row/Townhouse unit sales decreased 45% year-over-year and increased 49.2% month-over-month. Apartment Condominium…
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