Edmonton Real Estate Market Weekly Update – Oct. 19/12

EdmontonRealEstateMarketUpdate
Market 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: 346 (305, 430, 354)
# Sales: 255 (199, 246, 243)
Ratio: 74% (65%, 57%, 69%)
# Price changes: 260 (217, 263, 288)
# Expired/Off Market Listings: 182 (170, 438, 212)
Net loss/gain in listings this week: -91 (-64,-254, -101)
Active single family home listings: 2753 (2789, 2828, 2995)
Active condo listings: 1729 (1763, 1763, 1863)
Homes 4-week running average: $376k ($377k, $382, $382k)
Condos 4-week running average: $230k ($229k, $225k, $225k)

The REALTORS® Association of Edmonton is reporting 761 sales so far this month for the Greater Edmonton Area. That should put us around 1350 sales for the month, which is slightly ahead of last month (quite unusual for October). That will also put sales higher than last October, which is certainly not what I was expecting since we fell below last year’s levels for the past two months. 

Oct1912a
Edmonton home prices
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Edmonton listings and sales

Have a great weekend!

About 

Sara MacLennan is the Director of Marketing at Liv Real Estate and a licensed Real Estate Associate. The bulk of Sara’s experience and wealth of expertise lies in on-line technology and marketing both for agents and consumers. Sara is the former National Director for Interactive Marketing for Coldwell Banker Canada where she was responsible for an extensive training program traveling to offices across the country training agents and brokers on marketing and technology. Find Sara on Twitter @edmontonblogger.

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One Response to “Edmonton Real Estate Market Weekly Update – Oct. 19/12”

  1. Inspector GadgetNo Gravatar 19. Oct, 2012 at 7:25 pm #

    Using one of the reasons the CREA gave for lower sales last month…you know…just to go tit for tat….

    October has more working days this year than it did last year. Last October had 19 working days, and this year there are 22 as far as I can see. In September one reason the CREA gave for falling national home sales was the shorter number of work days.

    Not saying this is the reason for a bump in sales, just pointing out what makes the news one month often does not make the cut the next.

    PS. Weren’t you guys publishing the mean and median prices for a while? Maybe I am mistaken but I thought I remember seeing both posted a while back.