Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 289 (329, 291, 306)
# Sales: 217 (223, 213, 225)
Ratio: 75% (68%, 73%, 74%)
# Price changes: 295 (160, 159, 221)
# Expired/Off Market Listings: 103 (143, 142, 324)
Net loss/gain in listings this week: -31 (-37, -64, -243)
Active listings for single family homes: 1775 (1770, 1784, 1792)
Active listings for condos: 1472 (1469, 1472, 1485)
The REALTORS® Association of Edmonton is reporting 1134 residential sales so far this month, which should put us over 1200 sales for the month which is about average for November. Last November there were only 891 sales in November which was much lower than normal. The average sale price for residential homes is $316k (up slightly from last week but down from $317k in October), single family homes is currently $365 (up slightly from last week and last month, condos $230 (up from last week but still down significantly from last month).
Have a great weekend!
