Here is our update on the Edmonton real estate market. (Previous
week's numbers are in brackets). For the past 7 days: 
New listings: 600 (644, 612, 624)
# Sales: 292 (312, 310, 325)
Ratio:
49% (48%, 51%, 52%)
# Price changes: 346 (376, 318, 303)
#
Expired/Off Market Listings: 159 (312, 99, 127)
Net loss/gain in
listings this week: 149 (20, 203, 172)
Active listings for single
family homes: 2879 (2802, 2763, 2636)
Active listings for condos: 2049
(1986, 1981, 1908)
Third week in a row with more new listings and fewer sales than last year. The REALTORS® Association of Edmonton is reporting 800 sales so far this month, which should put us around 1900 for the month - significantly behind last year's 2161 sales. The average residential sale price sits at $336k (down slightly from last month), single family homes at $387k (up slightly from last month) and condos at $251k (down slightly from last month).
The number of single family homes for sale continues to rise:
The number of condos for sale is higher than last year for the first time this week:
I’d say that the spring rush is over. We start to see a few indicators of a possible 2007 look alike now.
It doesn’t matter, life goes on.
Luckily, according to the first graph only 700 houses can be listed per week. har har har.
It’s going to be an interesting fall. I’m still in serious buying mode though.
Spare no expense!