Here is our weekly update on the Edmonton real estate market. (Lastweek’s numbers are in brackets, and the week before after that). Forthe past 7 days:
New listings: 669 (714,752, 648)
# Sales: 263 (259,275, 275)
Ratio: 39% (36%, 37%, 42%)
# Price changes: 465 (411, 270, 384)
# Expired Listings: 152 (137, 343, 201)
# Canceled, withdrawn and terminated listings: 66 (58, 45,51)
Net loss/gain in listings this week: 188 (260, 89, 121)
Active listings for single family homes: 3496 (3367, 3207, 3048)
Active listings for condos: 2608 (2541, 2446, 2351)
Inventory continues to creep up and sales continue to lag behind:
At some point we’ll run out of homes to list…won’t we? j/k… I do think we’re at that point in the year where we’ll see the largest gains in new listings, and shortly thereafter we should see the largest number of sales for the year. We’ll have to wait and see if the sales out pace the new listings, or if the current trend continues.
As for the average price per square foot, things seem to be flattening out:
Note: The data for the price per square foot chart is taken from Bob Trueman’s daily stats web site.
