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

New Listings: 665 (536, 520, 590)
Sales: 481 (402, 538, 531)
Ratio: 72% (75%, 103%, 90%)
Price Changes: 318 (268, 308, 283)
Expired/Off-Market Listings: 163 (272, 167, 135)
Net loss/gain in listings this week: 21 (-138, -185, -76)
Active single-family home listings: 2290 (2203, 2244, 2270)
Active condo listings: 1583 (1542, 1567, 1577)
Homes 4-week running average: $527 ($519, $515, $520)
Condos 4-week running average: $242 ($245, $245, $247)

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In June 2024, the Greater Edmonton real estate market sustained its momentum, with a 10% increase in sales compared to the previous year, totalling 2,846 properties. This growth occurred alongside a modest 1% rise in new listings, tightening inventory levels significantly to 5,947 listings—a 17% year-over-year decrease. With only 2.1 months of supply, Edmonton's market dynamics firmly favour sellers, a trend that has persisted for over a year.

The backdrop to this market condition is Alberta’s notable population growth, reaching 4.85 million by April 1, 2024, an increase of 1.0% from the first quarter of 2023. This demographic trend is expected to keep real estate demand elevated well into the future.

Housing starts in Alberta were up 32% in May…

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

New Listings: 536 (520, 590, 608)
Sales: 402 (538, 531, 477)
Ratio: 75% (103%, 90%, 78%)
Price Changes: 268 (308, 283, 274)
Expired/Off-Market Listings: 272 (167, 135, 157)
Net loss/gain in listings this week: -138 (-185, -76, -26)
Active single-family home listings: 2203 (2244, 2270, 2247)
Active condo listings: 1542 (1567, 1577, 1520)
Homes 4-week running average: $519 ($515, $520, $521)
Condos 4-week running average: $245 ($245, $247, $242)




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