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

New Listings: 645 (617, 572, 638)
Sales: 292 (293, 333, 372)
Ratio: 45% (47%, 58%, 58%)
Price Changes: 566 (505, 569, 571)
Expired/Off-Market Listings: 296 (542, 244, 239)
Net loss/gain in listings this week: 57 (-218, -5, 27)
Active single-family home listings: 3717 (3642, 3687, 3636)
Active condo listings: 2444 (2417, 2536, 2533)
Homes 4-week running average: $480 ($485, $486, $485)
Condos 4-week running average: $219 ($223, $224, $227)

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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: 617 (572, 638, 720)
Sales: 293 (333, 372, 385)
Ratio: 47% (58%, 58%, 53%)
Price Changes: 505 (569, 571, 654)
Expired/Off-Market Listings: 542 (244, 239, 238)
Net loss/gain in listings this week: -218 (-5, 27, 97)
Active single-family home listings: 3642 (3687, 3636, 3545)
Active condo listings: 2417 (2536, 2533, 2495)
Homes 4-week running average: $485 ($486, $485, $482)
Condos 4-week running average: $223 ($224, $227, $228)

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Sales definitely cooled off in July in the Edmonton area; single-family sales were down 3% from last July and 28% from last month taking us back to slightly below the normal level of sales for this time of year. The average price of single-family homes increased 8.4% from last year, and the median price was up 7.4% to $437,950. I'll update this post later this week when the REALTORS® Association of Edmonton releases their monthly report on the housing market. 

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