Edmonton Real Estate Market Weekly Update, May 10/13
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?
Have a great weekend!
About Sara MacLennan
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.