Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 329 (291, 306, 341)
# Sales: 223 (213, 225, 275)
Ratio: 68% (73%, 74%, 81%)
# Price changes: 160 (159, 221, 189)
# Expired/Off Market Listings: 143 (142, 324, 98)
Net loss/gain in listings this week: -37 (-64, -243, -32)
Active listings for single family homes: 1770 (1784, 1792, 1933)
Active listings for condos: 1469 (1472, 1485, 1576)
The REALTORS® Association of Edmonton is reporting 829 sales so far this month – that is almost as many sales as we saw in all of November last year (891). Keeping things in perspective, last November was pretty much the worst November ever for sales and this month looks like it will actually be an average November.
I am surprised to see the number of new listings increase this week, normally we see new listings tail off for the rest of the year. Perhaps people are feeling confident about the market conditions at present.
The average residential sale price currently sits at $315k (down from $317k in October), single family homes at $363k (up from $361k in October) and condos at $227k (down significantly from $238k in October).
I've gotten complaints about the colours in my weekly sales and listings chart so I mixed it up this week, hopefully this meets with everyone's approval:
