Weekly Update, August 14/20
Posted by Liv Real Estate on
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 527 (504, 483, 533)
# Sales: 309 (320, 318, 356)
Ratio: 59% (63%, 66%, 67%)
# Price Changes: 363 (374, 325, 357)
Expired/Off-Market Listings: 203 (302, 202, 155)
Net loss/gain in listings this week: 15 (-118, -37, 22)
Active single-family home listings: 3391 (3376, 3429, 3466)
Active condo listings: 2345 (2312, 2339, 2339)
Homes 4-week running average: $428k ($429k, $426k, $423k)
Condos 4-week running average: $219k ($219k, $217k, $217k)
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: 504 (483, 533, 564)
# Sales: 320 (318, 356, 347)
Ratio: 63% (66%, 67%, 62%)
# Price Changes: 374 (325, 357, 361)
Expired/Off-Market Listings: 302 (202, 155, 176)
Net loss/gain in listings this week: -118 (-37, 22, 41)
Active single-family home listings: 3376 (3429, 3466, 3457)
Active condo listings: 2312 (2339, 2339, 2328)
Homes 4-week running average: $429k ($426k, $423k, $418k)
Condos 4-week running average: $219k ($217k, $217k, $217k)
Have a great weekend!
The spring market clearly had a delayed peak due to COVID-19 this year. Our weekly stats have shown a downward trend for the past few weeks, so I expect that July was the peak of the real estate market in Edmonton this year. We have clients moving for all kinds of reasons at the moment, upsizing, downsizing, relocating, first time buyers, and everything in between; we're all spending a lot more time at home, and for some, our priorities and needs have shifted.
I will update this post when the REALTORS@reg; Association of Edmonton releases its monthly report on the real estate market in Edmonton.
"There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic…
Pent up demand for real estate in Edmonton brought sales back up to normal levels for June. Sales rebounded, surpassing the numbers reported for the past 4 years in Edmonton and pushing us into a seller's market (just barely with 3.8 months supply) for the first time since 2015. Watch our Facebook page for a live market discussion next week.Â
I'll update this post in a few days when the full monthly stats are released by the REALTORS® Association of Edmonton.