September Real Estate Market Report - UPDATED
Posted by Liv Real Estate on
Demand for residential real estate was up 13% on a year over year basis in September in the greater Edmonton area, but the number of new listings also increased and just barely pushed us back into a buyer's market with 6.14 months of supply, after spending the past 5 months in a balanced market. Here's our snapshot of the Great Edmonton Area real estate market in September:
I've added a few new charts to our monthly report including this supply and demand comparison, followed by a look at the absorption rate in two ways. As you can see, the story for the past few years has been one excess supply, with demand trending slightly downwards:
The absorption rate is still lower than the past two years and is following the normal upward…
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 471 (478, 562, 567)
# Sales: 235 (256, 237, 212)
Ratio: 50%, (54%, 42%, 37%)
# Price Changes: 452 (437, 442, 403)
Expired/Off-Market Listings: 222 (227, 263, 547)
Net loss/gain in listings this week: 14 (-5, 62, -192, -14, 28, -9)
Active single-family home listings: 4277 (4258, 4222, 4164)
Active condo listings: 2323 (2332, 2341, 2322)
Homes 4-week running average: $420k ($428k, $430k, $433k)
Condos 4-week running average: $217k ($220k, $228k, $231k)
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: 478 (562, 567, 455)
# Sales: 256 (237, 12, 239)
Ratio: 54% (42%, 37%, 53%)
# Price Changes: 437 (442, 403, 427)
Expired/Off-Market Listings: 227 (263, 547, 230)
Net loss/gain in listings this week: -5 (62, -192, -14, 28)
Active single-family home listings: (4222, 4164, 4251)
Active condo listings: (2341, 2322, 2415)
Homes 4-week running average: $428k ($430k, $433k, $437k)
Condos 4-week running average: $220k ($228k, $231k, $232k)
Have a great weekend!