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Melody Kilbank

Call Direct 780-893-9987



Low Inventory Continues To Drive Market Pricing!

Strong year over year price increases and moderate month over month increases is a quick summary of April 2022 stats for City of Edmonton. Inventory numbers are continuing to be low and all categories are in a Seller’s Market.

Here’s the details:

All residential average sale price is up 5.6% year over year and up .6% month over month with 2.4 months of inventory.

Single family dwelling average sale price up 9.6% Y/Y and up 2.3% M/M with 1.6 months of inventory.

Condo average sale price is up 4.4% Y/Y and down 3.8% M/M with 3.0 months of inventory.

Duplex/rowhouses average sale price is up 16.4% Y/Y (yes, I calculated it twice!) and up 5.1% M/M with 1.2 months of inventory.

The total market numbers indicate a 60% absorption rate, which means 60% of properties sold verses came on the market in the month of April.

Anecdotally, my colleagues with as many years of experience in the industry as I have, are referring to the market as “crazy”.

Great time to sell, and making a lateral move to buy. More challenging if your are selling then upsizing.

Whatever your transition plans, I can walk you through them with experience, current market analysis and as stress free as possible.

Call me with any questions or if I can help at 780-893-9987.

All about you. Really.

Melody Kilbank, RE/MAX Real Estate
102-12650 151 Ave, Edmonton, Alberta, T5X 0A1
Tel: 780-457-3777 Cell: 780-893-9987 Fax: 780-457-2194
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