Here 
is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 501 (621, 432, 486)
# Sales: 344 (340, 330, 300)
Ratio: 69% (55%, 76%, 62%)
# Price changes: 239 (266, 233, 276)
# Expired Listings: 102 (308, 303, 134)
# Withdrawn/terminated/etc. listings: 37 (25, 32, 71)
Net loss/gain in listings this week: 18 (-52, -233, -19)
Active listings for single family homes: 2488 (2486, 2411, 2522)
Active listings for condos: 2015 (1999, 1905, 1987)
The Realtors® Association of Edmonton reports 1002 sales so far this month, which could put us over 2000 sales for the month – well ahead of last year.
The average residential sale price is sitting at $328k (up from $312k last month). Single family homes are at $367k and condos at $$253k (both up significantly from last month).
Obviousy the market has stopped retreating, but how long will it last? Generally sales and prices peak in April, May or June each year. Prices have either hit bottom, or a false bottom – only time will tell.
Have a great long weekend!
