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Weekly Market Update, Sep. 16/16
3 Y- ~( n7 H, W0 J$ O" e3 aPOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
. V' o4 c+ V4 L: }9 _EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE8 ?. t4 s `8 O8 H7 _
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:* g% Z9 m+ k- Y7 I* @( B" u
; V+ s, y6 s$ M7 F+ i2 vNew Listings: 553 (513, 511, 468)
4 w: H, _/ K! T3 r7 [( x# Sales: 267 (220, 294, 255)7 [1 c' b z( L1 W
Ratio: 48% (43%, 58%, 54%)' E4 C, f% ?: P9 Y
# Price Changes: 458 (380, 419, 374)- [/ g; A Z3 k3 F7 u+ h
# Expired/Off Market Listings: 226 (208, 497, 174) _1 n+ Z- A# a$ f
Net loss/gain in listings this week: 60 (85, -280, 39)
3 e0 M, g- h" ?Active single family home listings: 3,305 (3,285, 3,195, 3,356)8 s- k% g- c3 ?5 S% ^3 y8 P; j3 f. v& o5 Y
Active condo listings: 2,412 (2,356, 2,325, 2,463)
, {: ?% _1 g+ W: k0 l: b) i) z7 EHomes 4-week running average: $428k ($429k, $430k, $434k)
4 t; x0 {; M4 g* _. yCondos 4-week running average: $249k ($249k, $251k, $257k)
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).
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