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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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: 520 (590, 608, 648)
Sales: 538 (531, 477, 527)
Ratio: 103% (90%, 78%, 81%)
Price Changes: 308 (283, 274, 283)
Expired/Off-Market Listings: 167 (135, 157, 210)
Net loss/gain in listings this week: -185 (-76, -26, -89)
Active single-family home listings: 2244 (2270, 2247, 2180)
Active condo listings: 1567 (1577, 1520, 1495)
Homes 4-week running average: $515 ($520, $521, $524)
Condos 4-week running average: $245 ($247, $242, $239)


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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: 590 (608, 648, 581)
Sales: 531 (477, 527, 511)
Ratio: 90% (78%, 81%, 88%)
Price Changes: 283 (274, 283, 271)
Expired/Off-Market Listings: 135 (157, 210, 164)
Net loss/gain in listings this week: -76 (-26, -89, -94)
Active single-family home listings: 2270 (2247, 2180, 2169)
Active condo listings: 1577 (1520, 1495, 1460)
Homes 4-week running average: $520 ($521, $524, $527)
Condos 4-week running average: $247 ($242, $239, $236)


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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: 608 (648, 581, 539)
Sales: 477 (527, 511, 495)
Ratio: 78% (81%, 88%, 92%)
Price Changes: 274 (283, 271, 224)
Expired/Off-Market Listings: 157 (210, 164, 142)
Net loss/gain in listings this week: -26 (-89, -94, -98)
Active single-family home listings: 2247 (2180, 2169, 2148)
Active condo listings: 1520 (1495, 460, 1441)
Homes 4-week running average: $521 ($524, $527, $518)
Condos 4-week running average: $242 ($239, $236, $231)

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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: 648 (581, 539, 659)
Sales: 527 (511, 495, 536)
Ratio: 81% (88%, 92%, 81%)
Price Changes: 283 (271, 224, 227)
Expired/Off-Market Listings: 210 (164, 142, 129)
Net loss/gain in listings this week: -89 (-94, -98, -6)
Active single-family home listings: 2180 (2169, 2148, 2139)
Active condo listings: 1495 (1460, 1441, 1444)
Homes 4-week running average: $524 ($527, $518, $522)
Condos 4-week running average: $239 ($236, $231, $230)

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The Greater Edmonton real estate market has showed remarkable resilience and growth in May 2024. Sales increased by 18% compared to last year, with a total of 3,220 properties changing hands. This growth has outpaced the addition of new listings, which rose by 10%, leaving the inventory at a decreased level of 5,836 listings - a 17% reduction from the previous year. This has solidified Edmonton's status as a seller's market, with only 1.81 months of supply.

The Bank of Canada decreased interest rates by 0.25% yesterday, yet fixed mortgage rates are expected to remain stable for the near term.

Vigorous demand for housing has been caused by the level of interprovincial and international migration to Alberta. Last year, Alberta experienced…

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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: 581 (539, 659, 660)
Sales: 511 (495, 536, 506)
Ratio: 88% (92%, 81%, 77%)
Price Changes: 271 (224, 227, 306)
Expired/Off-Market Listings: 164 (142, 129, 122)
Net loss/gain in listings this week: -94 (-98, -6, 32)
Active single-family home listings: 2169 (2148, 2139, 2036)
Active condo listings: 1460 (1441, 1444, 1424)
Homes 4-week running average: $527 ($518, $522, $518)
Condos 4-week running average: $236 ($231, $230, $234)

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In a strong seller's market where competition is fierce, and sellers often receive multiple offers, home buyers can feel the pressure to make their offer shine and stand out among a sea of multiple offers. It's even become common for buyers to consider going condition-free to catch the seller's eye, but hold on—there are risks involved in this bold strategy.

Today, we're shedding light on the risks that come with writing unconditional offers. It's all about safeguarding your journey and ensuring your dream home doesn't turn into a nightmare. So, let's explore how to make informed choices that truly resonate with where you want to Liv.

Understanding Conditions:

Conditions are like safety nets woven into your offer, protecting both you and the…

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