Last week we discussed a press release from the Canadian real estate association that talked about real estate market trends in Canada. One of the things the press release mentioned was:
"New listings reached record or near-record levels in Toronto, Vancouver, Ottawa, Regina, and Saskatoon. This more than offset a decline in new listings in Edmonton and Calgary, which continue retreating from peaks in March."
So I was curious to see just what the trend for new listings has looked like in Edmonton over the past few years. I got out my trusty Excel spreadsheet and ran the numbers:
It does appear as though the number of new listings is following the normal trend this year, just about 1500 listings higher than where the trend line usually sits. As for last year though, I knew we had a spike in June, but I didn’t realize just how out of whack things really were until I saw it on this chart. If you want to see the affect on inventory, check this out:
