Edmonton Real Estate 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: 390 (455, 521, 373)
# Sales: 296 (243, 241, 228)
Ratio: 76% (53%, 46%, 61%)
# Price Changes: 158 (160, 140, 146)
# Expired/Off Market Listings: 85 (59, 188, 191)
Net loss/gain in listings this week: 85 (153, 92, -46)
Active single family home listings: 2088 (2065, 1970, 1823)
Active condo listings: 1549 (1549, 1467, 1398)
Homes 4-week running average: $403k ($402k, $393k, $394)
Condos 4-week running average: $241 ($238k, $233k, $229k)
Fairly sizeable jump in sales this week, I expect it will increase next week as well, based on the activity at our office. Although there were a lot of showings cancelled yesterday, they all seem to be re-booking today. That said, Spring Break and Easter weekend could cool things off a bit. You really don't know what's under all that snow when you're considering buying a home buried under 3 feet of the fluffy stuff. Sure looks pretty though!
Have a great weekend!