Edmonton Real Estate Statistics - May 2023

The Edmonton real estate market in May 2023 was characterized by:

Rising interest rates, which have made it more expensive to borrow money for a home.
A slowdown in the economy, which has led to job losses and a decrease in consumer confidence.
An increase in inventory, as more homes come onto the market.
Despite the decrease in sales activity, the Edmonton real estate market remains relatively strong. Average prices are still up significantly from a year ago, and days on market are still relatively low. This suggests that the market is still in a buyer's market, with sellers having to compete for buyers.

It is important to note that the real estate market is constantly changing, so it is important to consult with a real estate professional to get the most up-to-date information on the current market conditions.

Edmonton Real Estate Market Update May 2023


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