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John Braconnier Maya Norton

All Residential Listings See Strong Start in January

AVG. SALE PRICE Single Family Dwelling $445,932

AVG. SALE PRICE Condo $224,566

ACTIVE LISTINGS 4019

DAYS ON MARKET 57

Edmonton, February 2, 2022 - Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for January 2022 increased 1.5% compared to December 2021 and increased 14.4% from January 2021. New residential listings decreased 8.9% year-over-year from January 2021. However, new residential listings are up month-over-month, increasing 55.7% from December 2021. Overall inventory in the GEA was down 14.8% from January of last year but increased 5.0% from December 2021. “The Edmonton real estate market in January saw a slight decrease in all residential listings from January 2021, our month-over-month activity increased substantially since December 2021,” says REALTORS® Association of Edmonton Chair Paul Gravelle.“While we have predicted to see sales decrease in 2022, we are expecting prices to increase marginally as move to a seller’s market.” Source: REALTORS® Association of Edmonton | Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to- date evaluation of your home.

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