Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 533 (564, 546, 588) # Sales: 356 (347, 353, 400) Ratio: 67% (62%, 65%, 68%) # Price Changes: 357 (361, 402, 408) Expired/Off-Market Listings: 155 (176, 163, 412) Net loss/gain in listings this week: 22 (41, 30, -224) Active single-family home listings: 3466 (3457, 3444, 3507) Active condo listings: 2339 (2328, 2319, 2301) Homes 4-week running average: $423k ($418k, $420k, $412k) Condos 4-week running average: $217k ($217k, $215k, $216k) Have a great weekend!

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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: 564 (546, 588, 608) # Sales: 347 (353, 400, 328) Ratio: 62% (65%, 68%, 54%) # Price Changes: 361 (402, 408, 311) Expired/Off-Market Listings: 176 (163, 412, 203) Net loss/gain in listings this week: 41 (30, -224, 77) Active single-family home listings: 3457 (3444, 3507, 3708) Active condo listings: 2328 (2319, 2301, 2367) Homes 4-week running average: $418k ($420k, $412k, $413k) Condos 4-week running average: $217k ($215k, $216k, $209k) Have a great weekend!

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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: 546 (588, 608, 634) # Sales: 353 (400, 328, 333) Ratio: 65% (68%, 54%, 53%) # Price Changes: 402 (408, 311, 345) Expired/Off-Market Listings: 163 (412, 203, 208) Net loss/gain in listings this week: 30 (-224, 77, 93) Active single-family home listings: 3444 (3507, 3708, 3703) Active condo listings: 2319 (2301, 2367, 2288) Homes 4-week running average: $420k ($412k, $413k, $417k) Condos 4-week running average: $215k ($216k, $209k, $205k) Have a great weekend!

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A small rule change has lead to big changes for buying and selling real estate in Alberta. The new rule requires that REALTORS® report pending sales to their Association's MLS® system database unless the sellers complete a form instructing their agent not to report the pending sale. When a property is reported pending, it will not appear on property search sites like REALTOR.ca and EdmontonRealEstate.pro, effectively taking it off the market. Pending sales were previously handled differently by different associations across the province, and now all REALTORS® will follow the same rule in Alberta.

What is a pending sale?

A pending or conditional sale occurs when the seller has accepted an offer on their property, but there are conditions that…

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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: 588 (608, 634, 664) # Sales: 400 (328, 333, 299) Ratio: 68% (54%, 53%, 45%) # Price Changes: 408 (311, 345, 349) Expired/Off-Market Listings: 412 (203, 208, 211) Net loss/gain in listings this week: -224 (77, 93, 154) Active single-family home listings: 3507 (3708, 3703, 3630) Active condo listings: 2301 (2367, 2288, 2263) Homes 4-week running average: $412k ($413k, $417k, $406k) Condos 4-week running average: $216k ($209k, $205k, $203k) Have a great weekend!

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Pent up demand for real estate in Edmonton brought sales back up to normal levels for June. Sales rebounded, surpassing the numbers reported for the past 4 years in Edmonton and pushing us into a seller's market (just barely with 3.8 months supply) for the first time since 2015. Watch our Facebook page for a live market discussion next week.  I'll update this post in a few days when the full monthly stats are released by the REALTORS® Association of Edmonton.  

Edmonton Stats

Condo sales also rebounded in June, matching the number of sales reported in 2018 but remained below normal levels. The average sale price for single-family homes fell 1.4% from last year to $411,882 and the median price dropped 1.6% to $373,638. The…

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