May Market Report - Updated
Posted by Liv Real Estate on
Prices are still falling in Edmonton, but there are some positive signs in the real estate market. Inventory has dropped, listing activity has dropped and sales activity has increased. Here's our infographic for the Greater Edmonton Real Estate market in May:
If you've followed this blog for a while, you may recognize the chart below, and it's due for a comeback. The chart shows that when you compare sales and prices on a year over year basis, a cycle forms. We've been in phase 5 or 6 for quite some time, where sales are lower than or about the same as a year earlier, and prices are lower. Last month we saw sales increase year over year and this month sales are up as well, pushing us into phase 8 in the cycle. We still have higher than normal…
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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: 631 (556, 652, 660)
# Sales: 285 (270, 355, 307)
Ratio: 45% (49%, 54%, 47%)
# Price Changes: 559 (399, 412, 681)
Expired/Off Market Listings: 195 (193, 175, 190)
Net loss/gain in listings this week: 151 (93, 122, 163, -44)
Active single family home listings: 4434 (4335, 4278, 4186)
Active condo listings: 2506 (2460, 2427, 2405)
Homes 4-week running average: $429k ($427k, $425k, $419k)
Condos 4-week running average: $232k ($229k, $224k, $222k)
Have a great weekend!
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 556 (652, 660, 633)
# Sales: 270 (355, 307, 287)
Ratio: 49% (54%, 47%, 45%)
# Price Changes: 399 (412, 681, 454)
Expired/Off Market Listings: 193 (175, 190, 390)
Net loss/gain in listings this week: 93 (122, 163, -44, 161)
Active single family home listings: 4335 (4278, 4186, 4077)
Active condo listings: 2460(2427, 2405, 2361)
Homes 4-week running average: $427k ($425k, $419k, $416k)
Condos 4-week running average: $229k ($224k, $222k, $220k)
Have a great weekend!
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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: 633 (543, 641, 616)
# Sales: 287 (225, 309, 257)
Ratio: 45% (41%, 48%, 42%)
# Price Changes: 454 (366, 363, 356)
Expired/Off Market Listings: 390 (157, 184, 165)
Net loss/gain in listings this week: -44 (161, 148, 194, 52)
Active single family home listings: 4077 (4106, 3996, 3882)
Active condo listings: 2361 (2365, 2310, 2274)
Homes 4-week running average: $416k ($418k, $413k, $419k)
Condos 4-week running average: $220k ($222k, $221k, $215k)
May the 4th be with you (tomorrow)! Funny story... years ago when our twins were born (they were supposed to be born in early May) Sheldon sent out a birth notice to all of our…
The real estate market right now feels different from any market we’ve experienced in Edmonton, from the stress test to the economy, to the inventory of homes on the market, we're seeing some unusual things happen. So, we've put together some tips for those looking to buy or sell a home in the Edmonton area this spring.