Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 700 (776, 803, 756)
Sales: 441 (465, 455, 449)
Ratio: 63% (60%, 57%, 59%)
Price Changes: 602 (592, 643, 642)
Expired/Off-Market Listings: 249 (235, 190, 290)
Net loss/gain in listings this week: 10 (76, 158, 17)
Active single-family home listings: 3331 (3257, 3150, 2975)
Active condo listings: 2499 (2410, 2448, 2377)
Homes 4-week running average: $486 ($480, $478, $481)
Condos 4-week running average: $237 ($237, $233, $239)



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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: 776 (803, 756, 741)
Sales: 465 (455, 449, 408)
Ratio: 60% (57%, 59%, 55%)
Price Changes: 592 (643, 642, 435)
Expired/Off-Market Listings: 235 (190, 290, 147)
Net loss/gain in listings this week: 76 (158, 17, 186)
Active single-family home listings: 3257 (3150, 2975, 2942)
Active condo listings: 2410 (2448, 2377, 2358)
Homes 4-week running average: $480 ($478, $481, $483)
Condos 4-week running average: $237 ($233, $239, $236)

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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: 803 (756, 741, 861)
Sales: 455 (449, 408, 479)
Ratio: 57% (59%, 55%, 56%)
Price Changes: 643 (642, 435, 508)
Expired/Off-Market Listings: 190 (290, 147, 190)
Net loss/gain in listings this week: 158 (17, 186, 192)
Active single-family home listings: 3150 (2975, 2942, 2754)
Active condo listings: 2448 (2377, 2358, 2294)
Homes 4-week running average: $478 ($481, $483, $488)
Condos 4-week running average: $233 ($239, $236, $236)


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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: 756 (741, 861, 834)
Sales: 449 (408, 479, 460)
Ratio: 59% (55%, 56%, 55%)
Price Changes: 642 (435, 508, 439)
Expired/Off-Market Listings: 290 (147, 190, 149)
Net loss/gain in listings this week: 17 (186, 192, 225)
Active single-family home listings: 2975 (2942, 2754, 2559)
Active condo listings: 2377 (2358, 2294, 2213)
Homes 4-week running average: $481 ($483, $488, $493)
Condos 4-week running average: $239 ($236, $236, $236)




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Sales have come down from the record-high levels earlier this year, but they are still up from last year. The Bank of Canada announced another 50 basis point rate hike last week and warned of another one to come, to rein in inflation. You may recall, earlier in the year, I shared opinions from economists that said the housing market can withstand rate hikes if they are in small increments (ie 25 basis points at a time). Today's hike was the second 50 basis point hike so far this year and will further reduce demand. Meanwhile, listings continue to come on the market well above normal levels causing inventory to climb from well below normal to a more typical level for this time of year. We're still in a seller's market, but I don't expect that to continue…

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