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Weekly Market Update, Sep. 16/16" Y9 @1 i- M C4 w3 Z* a
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON( L6 |' C6 l7 i+ ~8 F# r& l- J
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE/ X' ]7 w2 f: n5 K ^
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:1 q$ J% u' _3 }2 _3 d7 t
% C) r( A* f" s+ jNew Listings: 553 (513, 511, 468)
* c" V' W/ v) S, m, M# Sales: 267 (220, 294, 255)- C+ S: f- H! X4 q; W
Ratio: 48% (43%, 58%, 54%)
; B4 @3 f0 E! K1 _/ J# Price Changes: 458 (380, 419, 374)* W' s) f, U. H c1 e8 r
# Expired/Off Market Listings: 226 (208, 497, 174)
% X9 Q2 K' k c ]2 o% ~" vNet loss/gain in listings this week: 60 (85, -280, 39)
+ o* t) U( t* ]$ iActive single family home listings: 3,305 (3,285, 3,195, 3,356)) |, {! p1 z# P
Active condo listings: 2,412 (2,356, 2,325, 2,463)
m' Q1 f; K6 n( jHomes 4-week running average: $428k ($429k, $430k, $434k)
/ |" K8 Y# ~- }7 }- B- dCondos 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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