Real Estate Market Busier Than Normal in September
Posted by Liv Real Estate on
Sales cooled off in September in the Greater Edmonton area but we're still well above normal. 1883 homes sold, roughly equal to last year. More listings are coming on than normal for this time of year, which has pushed us almost to a balanced market with 3.9 months of supply. Luxury sales remain strong, with one bungalow selling for almost $4million and more sales over the million-dollar mark than normal. Demand for apartment-style condos remains low, only 5% of realtor.ca users searched for apartments in the Edmonton area last month.
City of Edmonton Stats
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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: 539 (567, 606, 570)
# Sales: 284 (353, 382, 279)
Ratio: 53% (62%, 63%, 49%)
# Price Changes: 444 (457, 484, 440)
Expired/Off-Market Listings: 577 (239, 269, 238)
Net loss/gain in listings this week: -322 (-25, -45, 53)
Active single-family home listings: 3172 (3266, 3259, 3252)
Active condo listings: 2657 (2832, 2824, 2823)
Homes 4-week running average: $457 ($456, $448, $449)
Condos 4-week running average: $216 ($216, $214, $218)
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 567 (606, 570, 542)
# Sales: 353 (382, 279, 341)
Ratio: 62% (63%, 49%, 63%)
# Price Changes: 457 (484, 440, 446)
Expired/Off-Market Listings: 239 (269, 238, 566)
Net loss/gain in listings this week: -25 (-45, 53, -365)
Active single-family home listings: 3266 (3259, 3252, 3213)
Active condo listings: 2832 (2824, 2823, 2806)
Homes 4-week running average: $456 ($448, $449, $451)
Condos 4-week running average: $216 ($214, $218, $219)
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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: 606 (570, 542, 548)
# Sales: 382 (279, 341, 335)
Ratio: 63% (49%, 63%, 61%)
# Price Changes: 484 (440, 446, 432)
Expired/Off-Market Listings: 269 (238, 566, 236)
Net loss/gain in listings this week: -45 (53, -365, -23)
Active single-family home listings: 3259 (3252, 3213, 3390)
Active condo listings: 2824 (2823, 2806, 2978)
Homes 4-week running average: $448 ($449, $451, $442)
Condos 4-week running average: $214 ($218, $219, $226)
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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: 542 (548, 652, 630)
# Sales: 341 (335, 343, 344)
Ratio: 63% (61%, 53%, 55%)
# Price Changes: 446 (432, 367, 446)
Expired/Off-Market Listings: 566 (236, 277, 230)
Net loss/gain in listings this week: -365 (-23, 32, 56)
Active single-family home listings: 3213 (3390, 3399, 3355)
Active condo listings: 2806 (2978, 2986, 2938)
Homes 4-week running average: $451 ($442, $448, $451)
Condos 4-week running average: $219 ($226, $231, $229)
Both listings and sales remain above normal levels in the Greater Edmonton Area, which kept the inventory in the normal range (although slightly up from last year). Things shifted closer to balance but we're still hanging on to a seller's market with just under four months of supply (3.74 months to be exact). The benchmark price was up 5.7% from last year with single-family homes leading the way (up 6.8%). There is more interest in condos than we saw last year, but sales are still well below the normal level.