Here is our weekly update on the Edmonton real estate market. We missed week last week due to the holidays but we’re back on schedule now.
For the past 7 days:
# New listings: 324
# Sales: 136
Ratio: 42%
# Price changes: 222
# Expired Listings: 889
# Canceled, withdrawn and terminated listings: 88
Net loss/gain in listings this week: -789
Active listings for single family homes: 2491
Active listings for condos: 1717
The pace of new listings coming on the market has picked up again, but it’s only half as high as we saw in October. The biggest number is the expired listings – as expected, many listings expired on the last day of the year. This has significantly lowered the inventory of homes for sale, but we expect to see a lot more new listings next week as things get back into gear after the holidays. Top that off with few expired listings in the first week of the new year and we should see a bump in inventory next week.
