Edmonton Real Estate Market Weekly Update, May 10/13

EdmontonRealEstateMarketUpdate
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: 568 (551, 481, 563)
# Sales: 305 (300, 334, 302)
Ratio: 54% (54%, 69%, 54%)
# Price Changes: 277 (232, 228, 216)
# Expired/Off Market Listings: 104 (228, 79, 125)
Net loss/gain in listings this week: 159 (23, 68, 136)
Active single family home listings: 2505 (2382, 2346, 2294)
Active condo listings: 1873 (1816, 1822, 1785)
Homes 4-week running average: $411k ($407k, $411k, $412k)
Condos 4-week running average: $239k ($241k, $244k, $239)

There has been a slight uptick in listing activity, but we're still well below last year's inventory levels. Builders are getting busy in Edmonton too - according to CMHC housing starts were up significantly in April. Sales have been below last year's levels in May so far - are we starting to see the market cool off already? 

RealEstatePrices 1
Edmonton real estate 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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4 Responses to “Edmonton Real Estate Market Weekly Update, May 10/13”

  1. SPENo Gravatar 10. May, 2013 at 12:51 pm #

    It sure is an interesting market. I too have heard the builders have been fairly busy.

  2. Inspector GadgetNo Gravatar 11. May, 2013 at 10:10 am #

    Yep, builders are busy keeping existing housing stock (in generic suburban areas at least) from appreciating much if at all.

    • GMNo Gravatar 11. May, 2013 at 10:13 am #

      You mean housing prices. They are very good at increasing housing stock and very good at keeping prices down. If they are really successful they can glut the market again and cause prices to plunge. God bless those builders.

  3. Karl HungusNo Gravatar 12. May, 2013 at 3:04 pm #

    The market will figure itself out. At some point the houses will be too far out of the city and people will be willing to shell out more money if it means 1/3 of the commute.