Edmonton Housing Market Update: February Sales Down 44% YoY but on the Rise

The Edmonton housing market is experiencing a decline in sales compared to the same time last year. According to the latest reports, February sales are down by 44% YoY, but on the bright side, they are slightly higher than January's figures.

While a drop in sales is never good news, it's essential to note that this year's comparison is being made with an unusual year for home sales. The pandemic has altered market trends and impacted the housing market in many ways, which explains why 2022's numbers may look different than those from 2021.

Despite the decline in sales, there's hope for the market as sales begin to pick up from February through May, which is the usual trend. This means that we can anticipate a more active market in the upcoming months, which should improve the current conditions.

If you're interested in keeping up with the latest trends and updates in the Edmonton housing market, there's a helpful resource you can check out. A YouTube channel called @liveinedmonton offers updates on what's happening in the market, including insights on trends and market conditions.

In conclusion, the Edmonton housing market may be experiencing a slump in sales compared to last year, but it's still performing better than last month. With the market trending towards an upswing in the coming months, there's still hope for a strong housing market in Edmonton in 2022.