Edmonton, April 4, 2023: Total residential unit sales in the Greater Edmonton Area (GEA) real estate market for March 2023 decreased 44.6% compared to March 2022 but saw an increase of 42.1% from February 2023. New residential listings were down 22% year-over-year from March 2022, while also noting an increase of 32.3% from February 2023. Overall inventory in the GEA was up 22.1% from March of last year, and up 11.8% from the previous month.
See the full March Results with 3-5 year trending here MAR_2023_CREA_EDMOstats
| MLS® HPI Benchmark Price*
All Residential GEA |
March 2023 | M/M % Change | Y/Y % Change |
| SFD6 benchmark price | $429,500 | 1.8% | -7.7% |
| Apartment benchmark price | $183,200 | 2.5% | -0.5% |
| Townhouse benchmark price | $229,600 | 1.0% | -6.2% |
| Composite7 benchmark price | $377,900 | 1.7% | -7.8% |
