The Numbers
February 2023 Real Estate Market Statistics
Average
Sale Price
Three of four market sectors not only stabilized but rebounded in February. Depleted inventory and long stagnated market has finally resulted in productive sales for patient sellers. Expect this trend to continue and become even more pronounced as we enter the spring market.
Single Family
$459,600 (+1.7%)
Condominium
$187,325 (-0.8%)
Duplex
$357,611 (+0.7%)
Townhouse
$251,332 (+1.4%)
Average
Days on Market
Days on market is shrinking with quicker and quicker absorption rates. Expect this trend to continue as well in March.
Single Family
54 (59)
Condominium
65 (72)
Duplex
56 (53)
Townhouse
60 (61)
Total Listings & Sales
Sharp increase in sales is causing new inventory to hit market and meet demand. This will start to slow down more and more over next month.
Listings
2,580 (+15.1)
Sales
1,291 (+31.2)
Highest Sale
A 2200 sq ft bungalow on expansive lot along the river valley took home highest single family sale in February. A 2 bedroom unit in the prestigious Legends building downtown Edmonton achieved the highest apartment sale.
Single Family
$1,322,000
Condominium
$1,300,000
Duplex
$715,000
Townhouse
$588,800
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