Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days: 
New listings: 420 (417, 454, 358)
# Sales: 231 (228, 200, 196)
Ratio: 55% (55%, 44%, 55%)
# Price changes: 152 (136, 146. 134)
# Expired/Off Market Listings: 78 (82, 57, 73)
Net loss/gain in listings this week: 78 (82, 57, 89)
Active listings for single family homes: 1641 (1573, 1484, 1448)
Active listings for condos: 1366 (1326, 1298, 1271)
Everything looks pretty much the same as last week. The REALTORS® Association of Edmonton is reporting 878 residential sales so far this month, which should put us over 1300 for the month which is well ahead of last year but about the same as '07 and '08.
The average residential sale price sits at $315k, single family homes at $361k (both down from last week and about the same as last month) and condos at $233k (down from last week and last month).
The interesting thing seems to be the inventory of single family homes, as you can see in the chart below it has been rising steadily all year. Single family inventory is still well below last year but if it continues to rise at this pace we'll be back up to last year's levels in no time.
Happy weekend and GO CANADA GO!!!!!
