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

New Listings: 664 (602, 516, 526)
Sales: 432 (379, 411, 430)
Ratio: 65% (63%, 80%, 82%)
Price Changes: 418 (371, 398, 344)
Expired/Off-Market Listings: 243 (395, 179, 203)
Net loss/gain in listings this week: -11 (-172, -74, -107)
Active single-family home listings: 2941 (2905, 2976, 2958)
Active condo listings: 1888 (1877, 1914, 1917)
Homes 4-week running average: $466 ($467, $473, $474)
Condos 4-week running average: $225 ($226, $220, $218)

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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: 602 (516, 526, 606)
Sales: 379 (411, 430, 433)
Ratio: 63% (80%, 82%, 71%)
Price Changes: 371 (398, 344, 403)
Expired/Off-Market Listings: 395 (179, 203, 179)
Net loss/gain in listings this week: -172 (-74, -107, -6)
Active single-family home listings: 2905 (2976, 2958, 2973)
Active condo listings: 1877 (1914, 1917, 1919)
Homes 4-week running average: $467 ($473, $474, $484)
Condos 4-week running average: $226 ($220, $218, $217)

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Here's something we haven't said in a while... apartment-style condo sales took a major leap in June - they were up 26% from last June. Net migration to Alberta has reached new all-time highs, with almost 150,000 people moving to the province between June 2022 and March 2023. Approximately 2/3 of these new migrants are international, and this is creating very high demand for rental properties. As a result, there has been increased interest in condo-style apartments. Apartment prices have been on the decline for years in Edmonton, and although we're not seeing a year-over-year increase in the benchmark price yet, it does appear as though apartment prices may have bottomed out in January of this year. 

Listing inventory is now well below normal levels,…

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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: 516 (526, 606, 664)
Sales: 411 (430, 433, 425)
Ratio: 80% (82%, 71%, 64%)
Price Changes: 398 (344, 403, 415)
Expired/Off-Market Listings: 179 (203, 179, 198)
Net loss/gain in listings this week: -74 (-107, -6, 41)
Active single-family home listings: 2976 (2958, 2973, 2994)
Active condo listings: 1914 (1917, 1919, 1857)
Homes 4-week running average: $473 ($474, $484, $485)
Condos 4-week running average: $220 ($218, $217, $215)


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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: 526 (606, 664, 615)
Sales: 430 (433, 425, 413)
Ratio: 82% (71%, 64%, 67%)
Price Changes: 344 (403, 415, 459)
Expired/Off-Market Listings: 203 (179, 198, 331)
Net loss/gain in listings this week: -107 (-6, 41, -129)
Active single-family home listings: 2958 (2973, 2994, 2903)
Active condo listings: 1917 (1919, 1857, 1814)
Homes 4-week running average: $474 ($484, $485, $483)
Condos 4-week running average: $218 ($217, $215, $218)

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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: 606 (664, 615, 603)
Sales: 433 (425, 413, 420)
Ratio: 71% (64%, 67%, 70%)
Price Changes: 403 (415, 459, 390)
Expired/Off-Market Listings: 179 (198, 331, 174)
Net loss/gain in listings this week: -6 (41, -129, 9)
Active single-family home listings: 2973 (2994, 2903, 2940)
Active condo listings: 1919 (1857, 1814, 1841)
Homes 4-week running average: $484 ($485, $483, $482)
Condos 4-week running average: $217 ($215, $218, $221)

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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: 664 (615, 603, 649)
Sales: 425 (413, 420, 493)
Ratio: 64% (67%, 70%, 76%)
Price Changes: 415 (459, 390, 395)
Expired/Off-Market Listings: 198 (331, 174, 194)
Net loss/gain in listings this week: 41 (-129, 9, -38)
Active single-family home listings: 2994 (2903, 2940, 2901)
Active condo listings: 1857 (1814, 1841, 1836)
Homes 4-week running average: $485($483, $482, $478)
Condos 4-week running average: $215 ($218, $221, $219)


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Some interesting things are happening in the Greater Edmonton Real Estate market right now. Although sales dropped 5% from last May, they took a major jump compared to April. Meanwhile, fewer new listings came onto the market, and the inventory dropped to the lowest level we've seen in May in at least 7 years. This pushed us into a stronger seller's market with only 2.6 months of inventory. 

With the rents on the rise and very low vacancy rates, more people are considering purchasing condos. We've seen an increase in investors looking for condos to buy and rent out; there is also more interest in condos outside of the downtown core where there is almost a 10-month supply of condos (a severe buyer's market).


City of…

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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: 615 (603, 649, 661)
Sales: 413 (420, 493, 422)
Ratio: 67% (70%, 76%, 64%)
Price Changes: 459 (390, 395, 351)
Expired/Off-Market Listings: 331 (174, 194, 202)
Net loss/gain in listings this week: -129 (9, -38, 37)
Active single-family home listings: 2903 (2940, 2901, 2839)
Active condo listings: 1814 (1841, 1836, 1795)
Homes 4-week running average: $483 ($482, $478, $477)
Condos 4-week running average: $218 ($221, $219, $222)

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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: 603 (649, 661, 633)
Sales: 420 (493, 422, 434)
Ratio: 70% (76%, 64%, 69%)
Price Changes: 390 (395, 351, 373)
Expired/Off-Market Listings: 174 (194, 202, 308)
Net loss/gain in listings this week: 9 (-38, 37, -109)
Active single-family home listings: 2940 (2901, 2839, 2791)
Active condo listings: 1841 (1836, 1795, 1747)
Homes 4-week running average: $482 ($478, $477, $472)
Condos 4-week running average: $221 ($219, $222, $220)


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