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: 541 (536, 557, 570)
Sales: 488 (435, 475 ,483)
Ratio: 90% (81%, 85%, 85%)
Price Changes: 171 (185, 196, 173)
Expired/Off-Market Listings: 90 (111, 110, 160)
Net loss/gain in listings this week: -37 (-10, -28 , -73)
Active single-family home listings: 1925 (1845, 1829, 1750)
Active condo listings: 1175 (1159, 1125, 1127)
Homes 4-week running average: $484 ($483, $481, $482)
Condos 4-week running average: $228 ($228, $227, $222)

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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 (557, 570, 447,)
Sales: 435 (475 ,483, 390)
Ratio: 81% (85%, 85%, 87%)
Price Changes: 185 (196, 173, 198)
Expired/Off-Market Listings: 111 (110, 160, 180)
Net loss/gain in listings this week: -10 (-28 , -73, -123)
Active single-family home listings: 1845 (1829, 1750, 1733)
Active condo listings: 1159 (1125, 1127, 1068)
Homes 4-week running average: $483 ($481, $482, $481)
Condos 4-week running average: $228 ($227, $222, $213)

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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: 557 (570, 447, 434)
Sales: 475 (483, 390, 417)
Ratio: 85% (85%, 87%, 96%)
Price Changes: 196 (173, 198, 125)
Expired/Off-Market Listings: 110 (160, 180, 121)
Net loss/gain in listings this week: -28 (-73, -123, -104)
Active single-family home listings: 1829 (1750, 1733, 1747)
Active condo listings: 1125 (1127, 1068, 1065)
Homes 4-week running average: $481 ($482, $481, $476)
Condos 4-week running average: $227 ($222, $213, $205)


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In February 2024, the Greater Edmonton real estate market experienced significant growth, hinting at an optimistic future for homeowners and investors. Sales soared by an impressive 52% compared to the previous year, totalling 1,966 transactions. Demand remained strong, leading to a decrease in inventory levels by 15% compared to the same period last year, with 4,802 listings at month-end. Despite a 7% increase in new listings, the market's competitive nature kept inventory well below normal levels.

This surge in sales activity can be attributed, in part, to the ongoing population growth in Alberta. As the population continues to rise, rental rates have increased, further motivating individuals to transition from renting to homeownership. This trend…

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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: 570 (447, 434, 404)
Sales: 483 (390, 417, 368)
Ratio: 85% (87%, 96%, 91%)
Price Changes: 173 (198, 125, 132,)
Expired/Off-Market Listings: 160 (180, 121, 99)
Net loss/gain in listings this week: -73 (-123, -104, -63)
Active single-family home listings: 1750 (1733, 1747, 1757)
Active condo listings: 1127 (1068, 1065, 1065)
Homes 4-week running average: $482 ($481, $476, $477)
Condos 4-week running average: $222 ($213, $205, $197)

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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: 447 (434, 404, 424)
Sales: 390 (417, 368, 325)
Ratio: 87% (96%, 91%, 77%)
Price Changes: 198 (125, 132, 178)
Expired/Off-Market Listings: 180 (121, 99, 107)
Net loss/gain in listings this week: -123 (-104, -63, -8)
Active single-family home listings: 1733 (1747, 1757, 1771)
Active condo listings: 1068 (1065, 1065, 1059)
Homes 4-week running average: $481 ($476, $477, $465)
Condos 4-week running average: $213 ($205, $197, $206)

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Welcome to our first real estate market update of the year for the Greater Edmonton area! As we dive into the data, it becomes clear that the market is already buzzing with activity. With a surge in sales, rising benchmark prices, and a low inventory level, homeowners and prospective buyers are in for an intriguing year ahead. Let's examine the latest trends and indicators that are shaping the real estate landscape in the Greater Edmonton Area.

Sales Surge and Reduced Inventory

Compared to January 2023, the market saw a remarkable 46% increase in sales, showcasing a highly energized market. At the same time, new listings experienced a more modest 4% increase. As a result, inventory dropped by 13% year-over-year, resulting in the lowest inventory…

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This morning, the REALTORS® Association of Edmonton hosted its Annual Housing Forecast, and I'm excited to bring you these insights. Specifically, we'll be diving into the presentation by Shaun Cathcart, Director & Senior Economist, Housing Data and Market Analysis at the Canadian Real Estate Association (CREA).

Long story short, Mr. Cathcart predicts a booming real estate market for Edmonton in 2024. He started his presentation by discussing interest rates, sharing that many economists anticipate the Bank of Canada will begin lowering interest rates in the latter half of this year. While only 1 or 2 rate cuts for this year were predicted as recently as November, the current expectation now stands at 4-6 rate cuts by year-end, which would make a…

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We saw an impressive surge in sales in the Greater Edmonton Area in December compared to a year previous, with a staggering 23.5% increase. New listings also experienced a remarkable 24% increase, giving buyers a wider range of choices to explore. Even with the jump in new listings, end-of-month inventory dropped 8% year-over-year, which remained well below the historical norm.

With 3.76 months of inventory, we find ourselves just under the 4-month threshold for a balanced market. In other words, it's still a seller's market, providing those looking to sell their homes with an advantageous position.

Across the board, benchmark prices have seen a positive upward trend. Single-family homes experienced a steady 3.5% increase in benchmark prices, while…

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The Edmonton real estate market in November was nothing short of extraordinary. Sales jumped by 31% compared to last year in November - 1,637 listings sold. Meanwhile, inventory took a bit of a dip, dropping 15% to 5,447 listings. New listings were up 6%, with a total of 2,126 new listings hitting the market in November. With a mere 3.33 months of supply, it's safe to say the ball is definitely in the sellers' court.

The benchmark price for townhouses shot up by an impressive 7.4% over last year. Apartment-style condos weren't far behind, with a 4.2% increase. And even single-family homes got in on the action, seeing a respectable 2.6% rise in benchmark prices. This suggests that there is more demand for more attainable types of housing, such as…

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