Weekly Market Update, Jan. 11/19
Posted by Liv Real Estate onHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 450 (235, 89,218) # Sales: 120 (113, 68, 158) Ratio: 27% (48%, 76%, 72%) # Price Changes: 248 (167, 71, 178) # Expired/Off Market Listings: 245 (720, 174, 306) Net loss/gain in listings this week: 85 (-598, -153, -246) Active single family home listings: 2999 (2958, 3293, 3401) Active condo listings: 1809 (1762, 1983, 2031) Homes 4-week running average: $ 414k ($431k, $423k, $424k) Condos 4-week running average: $216k ($214k, $205k, $205k) The REALTORS® Association of Edmonton held their annual forecast seminar this week and predicted another year of high inventory and low demand, which will put more pressure on prices in…
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