How to Read Edmonton Market Data

Our site is packed with numbers. Here's what they mean and how to use them to make smarter decisions.

Average Price vs Median Price

Average adds up all sale prices and divides by the number of sales. A single $2M sale in a neighbourhood of $400k homes will skew the average significantly.

Median is the middle value — half the sales were above it, half below. It's more stable and usually more useful, especially in areas with few sales.

Days on Market (DOM)

How long it takes a home to sell, from listing to accepted offer. Lower DOM means higher demand. Currently at 59 days in Greater Edmonton.

We show two versions: monthly (just this month's sales) and cumulative (includes homes listed in prior months that sold this month). Cumulative is typically higher and gives a fuller picture.

Months of Supply (MOS)

The key market balance indicator. It answers: "At the current sales pace, how many months would it take to sell all active inventory?"

• < 3 months: Seller's market (low inventory, competitive)
• 3–5 months: Balanced market
• > 5 months: Buyer's market (lots of choice, negotiating power)

Sale-to-List Price Ratio

What percentage of the asking price buyers actually pay. Currently 98%. At 98%, a home listed at $500k sells for ~$490k on average. At 100%+ sellers are getting full ask or above.

Year-over-Year (YoY) Changes

We compare every metric to the same month last year — not the previous month. This removes seasonal effects. A 10% YoY increase in January means the market genuinely moved, not just that it's warmer than December.

Why Area Data Sometimes Shows n/a

CREA suppresses average and median prices when fewer than approximately 5 sales occur in a category. This protects buyer/seller privacy — with only 2–3 sales, individual transactions become identifiable. The sales count is still shown. See our Areas page for current data by district.