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: 188 (248, 261, 326)
# Sales: 202 (212, 227, 213)
Ratio: 107% (85%, 87%, 65%)
# Price Changes: 126 (143, 154, 210)
# Expired/Off Market Listings: 114 (158, 138, 312)
Net loss/gain in listings this week: -128 (-122, -104, -199)
Active single family home listings: 2072 (2118, 2206, 2247)
Active condo listings: 1331 (1394, 1416, 1440)
Homes 4-week running average: $404k ($402k, $400k, $398k)
Condos 4-week running average: $243k ($236k, $235k, $234k)
Check out that sales to new listings ratio! While it is normal for the ratio to get quite high at the end of the year, it usually sits around 70-80% in November. We have seen it go over 100% in the last two weeks of December, but that is typically due to the fact that almost no one lists their home in the last two weeks of December. This week we can see sales are well ahead of previous years and listings are pretty much in line with previous years. Interesting times.
Have a great weekend!