Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 166 (188, 291, 289)
# Sales: 173 (202, 204, 217)
Ratio: 104% (107%, 70%, 75%)
# Price changes: 73 (113, 123, 295)
# Expired/Off Market Listings: 151 (108, 244, 103)
Net loss/gain in listings this week: -158 (-122, -157, -31)
Active listings for single family homes: 1488 (1572, 1647, 1775)
Active listings for condos: 1347 (1402, 1436, 1472)
Another week with higher sales than new listings, I'm surprised anyone was out looking at houses at record breaking low temperatures! Either way, something tells me that trend will come to an abrupt stop in the near future…
The REALTORS® Association of Edmonton is reporting 659 residential sales so far this month. We've already beaten last December's total sales of 608, but somewhere around 900 sales is more normal for Edmonton for December. The average sale price currently sits at $322k, single family homes at $368k and condos at $241k (all up from last month).
I was asked if the "4-week moving average" would be put back on the charts… to be honest I think it just mucks it up, but if people like it I will put it back – let me know your thoughts in the comments. Also, as next Friday is Christmas I'll be pretty busy that day and will probably end up posting the weekly report on the 26th. We wish everyone a Merry Christmas, Happy Hanukkah, Fantastic Festivus or happy whatever you choose to celebrate next week!
PS – We will have a special "Year in Review" report with forecasts for the new year for our subscribers soon – don't miss out, subscribe today!
