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: 407 (400, 446, 451)
# Sales: 238 (342, 315, 316)
Ratio: 58% (86%, 71%, 70%)
# Price Changes: 226 (249, 267, 265)
# Expired/Off Market Listings: 160 (312, 117, 157)
Net loss/gain in listings this week: 9 (-254, 14, -22)
Active single family home listings: 2761 (2731, 2882, 2866)
Active condo listings: 1892 (1871, 1941, 1923)
Homes 4-week running average: $407k ($407k, $404k, $404k)
Condos 4-week running average: $248k ($243k, $251k, $251k)
Big drop in sales this week compared to last week, but you can see a familiar pattern. Otherwise things are unfolding as expected. CMHC reported housing starts are up again compared to last year today.
“The trend in total housing starts continued to rise in July, albeit at a slower pace than in the previous month,” said Christina Butchart, CMHC’s Senior Market Analyst for Edmonton. “A decline in the inventory of multi-family homes and a low vacancy rate has prompted builders to increase production in recent months, particularly in the apartment segment,” she added.
Have a great weekend.