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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