Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 333 (307, 321, 103)
# Sales: 168 (129, 116, 96)
Ratio: 50% (42%, 36%, 93%)
# Price Changes: 110 (88, 84, 35)
# Expired/Off Market Listings: 85 (125, 91, 414)
Net loss/gain in listings this week: 80 (53, 114, -407)
Active single family home listings: 1731 (1658, 1614, 1513)
Active condo listings: 1064 (1030, 990, 967)
Homes 4-week running average: $420k ($424k, $426k, $418k)
Condos 4-week running average: $230k ($234k, $232k, $233k)
We sure could use more listings in Edmonton! If there was more to choose from, there would be more sales, I'm certain of it. Traffic to our sites is way up, and we have lots of active clients looking, they're just not finding what they want. Hopefully we get more inventory soon because the demand is there. Also of note this week, banks dropped fixed mortgage rates and the BoC kept their key interest rate at 1%.
Have a great weekend!