Hats off to the Realtors Association of Edmonton for putting together the monthly stats and press release in only 1 day! The numbers released yesterday show 1380 residential sales which is what we were expecting, as opposed to what we reported the other day:
The end of month inventory is much lower than last year, but on the rise as expected:
The number of new listings are increasing at a normal rate:
The sales to new listings ratio is solidly in the "balanced market" range:
And the absorption rate has dropped significantly and sits close to the balanced range as well:
The average days on market has dropped, and appears to be following the seasonal pattern albeit higher than previous years:
