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Weekly Market Update, Sep. 16/168 t# P5 |6 r: i! b
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
z8 A- w0 q) }5 `8 L. D6 lEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE
0 X" z3 _* L$ W' h+ AHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:7 E! o, w8 C" e& p1 i
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New Listings: 553 (513, 511, 468)
! r( Y% }, F8 Q5 M, g# Sales: 267 (220, 294, 255)& e1 H8 f: f7 ?3 E) c8 t: e _
Ratio: 48% (43%, 58%, 54%)0 [$ M$ ~5 }: q( l
# Price Changes: 458 (380, 419, 374)
: F: X! W0 g8 i( H' L9 D& V2 t# Expired/Off Market Listings: 226 (208, 497, 174). \2 g2 n6 f* B3 M
Net loss/gain in listings this week: 60 (85, -280, 39)" J* l0 Z% d5 m, c
Active single family home listings: 3,305 (3,285, 3,195, 3,356)
# y2 G, \9 b8 cActive condo listings: 2,412 (2,356, 2,325, 2,463)' B: x* S: G' m) m3 E: x. O, p
Homes 4-week running average: $428k ($429k, $430k, $434k)
/ X8 I- B9 G" V* GCondos 4-week running average: $249k ($249k, $251k, $257k)
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).
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I+ b, ]* @0 Z3 }5 y# |& {( y7 ulistingsandsales: v& F3 s; J! O) w$ z! x; N6 d" T! `
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