Edmonton Real Estate Market Update
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 467 (560, 599, 594)
# Sales: 255 (262, 271, 245)
Ratio: 55% (47%, 45%, 41%)
# Price changes: 400 (413, 421, 412)
# Expired/Off Market Listings: 170 (212, 173, 302)
Net loss/gain in listings this week: 42 (86, 155, 47)
Active listings for single family homes: 3289 (3259, 3185, 3083)
Active listings for condos: 2262 (2249, 2212, 2151)
New listings are finally slowing down, just in time for summer holidays. Inventory just might drop next week for the first time this year, as a lot of listings will likely expired on June 30.
The REALTORS® Association of Edmonton is reporting 1386 sales so far this month, which should put us around 1700 for the month (below average). The average residential sale price sits at $340k (up $1k from last week and last month), single family homes at $387k and condos at $248k (both up from last week and about the same as last month).
Have a great weekend, and a warm welcome to Edmonton for Taylor/Tyler
Similar Posts:
- Edmonton Real Estate Blog Weekly Update – June 24, 2011
- Edmonton Real Estate Market Weekly Update – July 15, 2011
- Edmonton Real Estate Market Weekly Update – June 3, 2011
- Edmonton Real Estate Weekly Update – July 8, 2011
- Single Family Home sales pull up Edmonton real estate market in June
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