Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 188 (291, 289, 329)
# Sales: 202 (204, 217, 223)
Ratio: 107% (70%, 75%, 68%)
# Price changes: 113 (123, 295, 160)
# Expired/Off Market Listings: 108 (244, 103, 143)
Net loss/gain in listings this week: -122 (-157, -31, -37)
Active listings for single family homes: 1572 (1647, 1775, 1770)
Active listings for condos: 1402 (1436, 1472, 1469)
Wow – more sales than new listings! Haven't seen that since the market peaked… it is normal for new listings to drop off at this time of year and the ratio to rise slightly but I was definitely surprised by these numbers (I went back and checked three times).
You can definitely feel things cooling down, not just because it's going to -274 degrees on Sunday (oh wait that's absolute zero)! But seriously, not many people like looking at homes at that temperature so if someone wants to see your house this weekend they're probably really serious!
