Weekly Market Update, June 28/19
Posted by Liv Real Estate on
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 548 (551, 584, 616)
# Sales: 323 (319, 331, 323)
Ratio: 59% (58%, 57%, 52%)
# Price Changes: 532 (478, 455, 512)
Expired/Off Market Listings: 227 (204, 224, 404)
Net loss/gain in listings this week: -2 (28, 29, -111, 151)
Active single family home listings: 4423 (4416, 4430, 4387)
Active condo listings: 2544 (2538, 2495, 2474)
Homes 4-week running average: $419k ($424k, $423k, $424k)
Condos 4-week running average: $236k ($231k, $232k, $231k)
Have a great weekend!
260 Views, 4 Comments
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 551 (584, 616, 631)
# Sales: 319 (331, 323, 285)
Ratio: 58% (57%, 52%, 45%)
# Price Changes: 478 (455, 512, 559)
Expired/Off Market Listings: 204 (224, 404, 195)
Net loss/gain in listings this week: 28 (29, -111, 151, 93)
Active single family home listings: 4416 (4430, 4387, 4434)
Active condo listings: 2538 (2495, 2474, 2506)
Homes 4-week running average: $424k ($423k, $424k, $429k)
Condos 4-week running average: $231k ($232k, $231k, $232k)
Have a great weekend!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 584 (616, 631, 556)
# Sales: 331 (323, 285, 270)
Ratio: 57% (52%, 45%, 49%)
# Price Changes: 455 (512, 559, 399)
Expired/Off Market Listings: 224 (404, 195, 193)
Net loss/gain in listings this week: 29 (-111, 151, 93, 122)
Active single family home listings: 4430 (4387, 4434, 4335)
Active condo listings: 2495 (2474, 2506, 2460)
Homes 4-week running average: $423k ($424k, $429k, $427k)
Condos 4-week running average: $232k ($231k, $232k, $229k)
Have a great weekend!
Prices are still falling in Edmonton, but there are some positive signs in the real estate market. Inventory has dropped, listing activity has dropped and sales activity has increased. Here's our infographic for the Greater Edmonton Real Estate market in May:
If you've followed this blog for a while, you may recognize the chart below, and it's due for a comeback. The chart shows that when you compare sales and prices on a year over year basis, a cycle forms. We've been in phase 5 or 6 for quite some time, where sales are lower than or about the same as a year earlier, and prices are lower. Last month we saw sales increase year over year and this month sales are up as well, pushing us into phase 8 in the cycle. We still have higher than normal…