INFOGRAPHICS: April 2023 RAE Edmonton Market Reports
Edmonton Sees Moderate Growth As Spring Market Blooms
Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for April 2023 hit 2,028, decreasing 30.8% compared to April 2022 but increasing 11.1% from March 2023. New residential listings were down 26% year-over-year from April 2022, while also noting an increase of 6% from March 2023. Overall inventory in the GEA was up 7.4% from April of last year, and up 9.3% from the previous month.
For April, detached unit sales were down 32.9% from April 2022, but saw an increase of 14.2% from March 2023 at 1,229. Semi-detached unit sales were down 37% year-over-year but increased by 19.3% from March 2023. Row/Townhouse unit sales also decreased 23% year-over-year and increased 0.7% month-over-month. Apartment Condominium unit sales saw a decrease of 23.2% from April 2022 but increased 1.3% from the previous month.
Total residential average prices hit $408,631, a 6% decrease from April 2022, and an increase of 4.8% from March 2023. Detached homes averaged $500,635, a 4.6% year-over-year decrease and a 3.1% increase from March 2023. Semi-detached sold for an average of $378,797, resulting in a small 3.4% decrease year-over-year, but saw an increase of 3.7% from the previous month. Row/townhouse prices were down 3.7% from April 2022, but increased 5.5% month-over-month, selling at $261,390. Apartment Condominium average prices hit $192,560, showing decreases of 0.1% from last month and 5.8% from April 2022.
The MLS® Home Price Index (HPI) composite benchmark price* in the GEA came in at $379,500, resulting in an increase of 0.4% from March 2023, but a decrease of 9.1% from April 2022.
The following data is a comparison between April 2023 and April 2022 numbers, and is current as of May 2023. For last month’s numbers, check out our previous RAE infographic!
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