Edmonton Real Estate Market Weekly Update

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

New listings: 100 (166, 188, 291)
# Sales: 138 (173, 202, 204)
Ratio: 138% (104%, 107%, 70%)
# Price changes: 49 (73, 113, 123)
# Expired/Off Market Listings: 102 (151, 108, 244)
Net loss/gain in listings this week: -140 (-158, -122, -157)
Active listings for single family homes: 1409 (1488, 1572, 1647)
Active listings for condos: 1313 (1347, 1402, 1436)

According to the REALTORS® Association of Edmonton the average residential sale price currently sits at $322k, single family homes at $366k (both about the same as last week) and condos at $245k (up from last week).

Look at the difference in sales on the chart between last year and this year from October on. It is interesting to see where the sales were similar (August to October) and where the sales were quite different – May to August and October to the end of the year.

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!