Edmonton's real estate market is slowing down again
Are you ready to buy or sell your home? Now is a great time. Sellers are getting top-dollar for their properties, while buyers are capitalizing on lower rates before they are expected to go up again. Residential sales in the Edmonton Area real estate market decreased 23.8% compared to June 2022 and saw a year-over-year decrease of 10.3% from July 2021. New residential listings decreased 14.8% month-over-month from June 2022 but saw an increase of 6.2% from July of last year. Single-family home unit sales were down both 12.4% from July 2021 and 24.4% from June 2022 at 1,159. Condo unit sales also decreased 1.6% from July 2021 and 22.1% from June 2022. Duplex/rowhouse unit sales were down both 12.7% year-over-year and 21.3% from last month.