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

New Listings: 560 (572, 645, 617)
Sales: 284 (284, 292, 293)
Ratio: 51% (50%, 45%, 47%)
Price Changes: 456 (461, 566, 505)
Expired/Off-Market Listings: 251 (274, 296, 542)
Net loss/gain in listings this week: 25 (14, 57, -218)
Active single-family home listings: 3823 (3769, 3717, 3642)
Active condo listings: 2441 (2442, 2444, 2417)
Homes 4-week running average: $463 ($470, $480, $485)
Condos 4-week running average: $215 ($212, $219, $223)

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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: 572 (645, 617, 572)
Sales: 284 (292, 293, 333)
Ratio: 50% (45%, 47%, 58%)
Price Changes: 461 (566, 505, 569)
Expired/Off-Market Listings: 274 (296, 542, 244)
Net loss/gain in listings this week: 14 (57, -218, -5)
Active single-family home listings: 3769 (3717, 3642, 3687)
Active condo listings: 2442 (2444, 2417, 2536)
Homes 4-week running average: $470 ($480, $485, $486)
Condos 4-week running average: $212 ($219, $223, $224)

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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: 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. We are now officially a balanced market for the first time since January 2021. Home sales are still up ever so slightly from last July but down 24% from last month. The cumulative days on the market have increased by 8 days, so sellers should expect their homes to sit on the market longer. Marketing…

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