The Numbers

November 2022 Real Estate Market Statistics

Average
Sale Price

Sale prices across all market sectors contract over the month of November as we are seeing a definite market cooling. This is both a product of natural seasonal progression as families gear up for the holidays as well as coming off some historic spring markets. For perspective however, year over year sales prices for single family homes only exhibited a 0.6% decrease.

Single Family

$454,541

Condominium

 $216,690

Duplex

$362,606

Average
Days on Market

Days on Market continue to climb for all sectors. These dates, while they feel prolonged, are very much in line with pre-covid activity.

Single Family

49 Days

Condominium

58 Days

Duplex

52 Days

Highest Sale

Highest sale for November was a bungalow acreage in Rural Sturgeon County exhibiting the first highest sale outside of the river valley core. Highest sale was a 3,700 sq ft penthouse in Symphony Tower.

Single Family

$1,350,000

Condominium

$2,100,000

Duplex

$765,000

Total Listings
& Sales

Overall, listings fell nearly 25% which also fuels a decrease in sales. We expect these numbers to level out as December approaches. 

Total Listings

2,006

Total Sales

1,252

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