Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 487 (425, 486, 462)
# Sales: 252 (187, 217, 222)
Ratio: 52% (44%, 45%, 48%)
# Price changes: 342 (346, 354, 344)
# Expired/Off Market Listings: 559 (260, 250, 227)
Net loss/gain in listings this week: -324 (-22, 19, 13)
Active listings for single family homes: 3198 (3392, 3360, 3319)
Active listings for condos: 1963 (2119, 2182, 2176)
Big jump in sales this week… we thought things seemed busier, at least it’s busier around our office. Everything seems busier at this time of year though.
Listings up…
Sales up…
52%…
A crystal ball no one has.
I’m going back to Edmonton for a 2 week vacation next week(:-
Is there any way to know, or even guess, how many of those expired listings are simultaneously making an appearance in the new listings column?
Whats with that gem above and to the left of sheldon’s lip in the photo?
A size replica of your brain…
On the EREB report inventory fell by 70 from last month even though the weekly stats show a 324 drop.
In July’s report inventory fell by 500 even though the weekly inventory drop was 250?
Is this a matter of different area or was the report released quickly enough after month end to still include inventory that was delisted or expired? Any thoughts?
Thanks!
I am doing a weekly net loss or gain whereas the board is showing monthly. Even though there was a big drop one week there were gains for the other weeks in the month. Plus the weeks and months don’t line up (I’m counting every Friday where they are doing the last day of each month).
Also I am only counting Edmonton and the board counts the entire MLS.