Nichapat Jitpraphan

It’s not quite the deluge of buyers seen last spring when Edmonton’s resale real estate market saw record-high sales.
Yet this spring market is gaining momentum, based on recent data for the Realtors Association of Edmonton.

“What we have seen already this year is more of a return to traditional market conditions with the normally busy spring market, and it is truly heating up,” says Melanie Boles, a realtor and chair of RAE.

“Yes, we have seen a decrease year over year, but we’re now seeing increases that are month over month.”

She points to March resale market data, showing sales had fallen nearly 45 per cent from March 2022, an all-time record for any month when 3,311 homes changed hands.

Yet sales this past March sales still were up month over month more than 42 per cent.

“When we take out the anomaly years of the pandemic, we’re seeing fairly strong activity in the city.”

In fact, Edmonton has become an even more preferable choice compared with Calgary — which has traditionally been the first choice of interprovincial migrants, he adds.