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Weekly Market Update, Sep. 16/16
! a5 L, L/ l# j/ e6 i: {POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
7 g+ U3 K4 j1 s) S( g, h$ _EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE$ }9 H9 _" s1 x2 v' I
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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6 i( ^& x; v' K. m' p0 gNew Listings: 553 (513, 511, 468)4 K2 |: q: u; B, g# l* ]: J
# Sales: 267 (220, 294, 255)6 U) Y# q* r6 `* V" A0 L
Ratio: 48% (43%, 58%, 54%)$ U9 w/ i; R: O! N
# Price Changes: 458 (380, 419, 374)/ L' T3 V: f8 ]& h+ E4 p
# Expired/Off Market Listings: 226 (208, 497, 174)$ I2 a$ K% k$ R1 j5 \1 R
Net loss/gain in listings this week: 60 (85, -280, 39)0 u' s7 Q8 w5 |5 B; D
Active single family home listings: 3,305 (3,285, 3,195, 3,356)
5 U5 q% T+ S4 r& v. HActive condo listings: 2,412 (2,356, 2,325, 2,463)
+ a- X2 B, m+ d- A }Homes 4-week running average: $428k ($429k, $430k, $434k) W* \6 k2 ^& Q, Y$ O
Condos 4-week running average: $249k ($249k, $251k, $257k), N5 r! B1 s% X+ K+ ^
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).
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5 `) `. W% e' p- ^9 [ u( ~listingsandsales: ]+ J, e" W# S; g' p$ I; U
3 }& r) u" y! e8 A8 C3 X* |4 E5 Plistingsandsales |
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