Edmonton Real Estate Market Weekly Update

Here Weeklyupdate_2is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New listings: 483 (536, 516, 469)
# Sales: 441 (359, 377, 437)
Ratio: 91% (68%, 73%, 93%)
# Price changes: 233 (246, 207, 239)
# Expired Listings: 102 (112, 204, 85)
# Withdrawn/terminated/etc. listings: 46 (29, 21, 27)
Net loss/gain in listings this week: -60 (36, -86, -80)
Active listings for single family homes: 2264 (2320, 2326, 2400)
Active listings for condos: 1934 (1969, 1935, 2008)

Another week of high sales, perhaps there will be more sales this month than I predicted last week. So far this month there have been 1577 residential MLS® sales in the greater Edmonton area – if the pace continues we will see over 2600 sales this month but I do think the pace will slow down as the kids get out of school.

The average MLS® residential sale price is $328k, single family homes at $371k (both down slightly from last week), and condos at $249k (up from last week).

Have a great weekend!

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