Edmonton Weekly Market Update, April 7/17
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 628 (503, 565, 535)
# Sales: 243 (231, 276, 264)
Ratio: 39% (46%, 49%, 49%)
# Price Changes: 361 (329, 326, 262)
# Expired/Off Market Listings: 297 (132, 126, 142)
Net loss/gain in listings this week: 88 (140, 163, 129)
Active single family home listings: 2,848 (2,781, 2,736, 2,670)
Active condo listings: 2,411 (2,369, 2,305, 2,217)
Homes 4-week running average: $430k ($440k, $438k, $437k)
Condos 4-week running average: $246k ($239k, $235k, $234k)
With the market conditions better than last year (even if it’s just slightly better) I’m surprised we’re still seeing more price reductions than sales. However, when you have a closer look at inventory, even though it’s down from last year, it’s still well above average and higher than the previous 8 years.
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.