March 2023 Market Update

Despite the decrease in sales and prices, there is still strong activity in the Greater Edmonton and Area real estate market. As the weather gets warmer, market activity is expected to increase. The spring market is in full force, and the average prices and days on the market continue to improve month-over-month.

To succeed in the GEA real estate market, buyers and sellers should stay updated with the latest market trends and be patient. Buyers should work with knowledgeable real estate agents and be ready to act quickly when they find a property that meets their needs. Sellers should price their homes competitively and ensure they are in good condition to attract buyers.

In addition to staying informed about the market, home maintenance is also an important factor for homeowners to consider. By regularly maintaining their homes, homeowners can prevent costly repairs and increase the value of their properties. Some helpful tips for home maintenance include cleaning gutters, changing air filters, checking for leaks, and keeping up with landscaping.

Fort Saskatchewan

Sherwood Park

Edmonton

In conclusion, the real estate market experienced a decrease in sales and prices in March 2023 compared to the previous year. However, the market is still active and competitive, with increased inventory and sales from the previous month. By staying informed about the market and taking care of their homes, buyers and sellers can be successful in the Edmonton area real estate.