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Weekly Market Update, Sep. 16/16
) P2 t a, B( q, mPOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
+ U# t, s& b) s: U0 MEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE* i9 L$ U" k- F" w4 D2 U
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:, Z% x- h o* J4 Q
) E2 D! S" }" j- m& GNew Listings: 553 (513, 511, 468)+ K$ E, u) u4 } J6 c( J: G' P
# Sales: 267 (220, 294, 255)- Z1 X% {9 `: d9 J5 x& j: W
Ratio: 48% (43%, 58%, 54%)
, N* y0 b% U5 m2 v% C# Price Changes: 458 (380, 419, 374)
: M5 n% u1 _ z! O# Expired/Off Market Listings: 226 (208, 497, 174)
5 a) Z; U" T+ ]6 }Net loss/gain in listings this week: 60 (85, -280, 39)% v" X' |9 y" R h8 {3 \
Active single family home listings: 3,305 (3,285, 3,195, 3,356)* p/ q1 X/ s! b; [( S9 P4 X- g8 _7 u! n$ F
Active condo listings: 2,412 (2,356, 2,325, 2,463)# H, |3 c& z2 q) Q5 [
Homes 4-week running average: $428k ($429k, $430k, $434k)
! v- n0 v- [( e: q$ V" r. LCondos 4-week running average: $249k ($249k, $251k, $257k)- x0 ^* Y( Z( t$ B. d
7 j8 D7 x( y6 qSummer’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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listingsandsales
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