Slow Spring Market in Edmonton - UPDATED
Posted by Liv Real Estate on
The REALTORS® Association of Edmonton released their report on the Greater Edmonton Area real estate market for March this week saying:
“We generally see housing market activity increase at this time of year,” says Darcy Torhjelm, REALTORS® Association of Edmonton Chair. “Despite the year over year decreases, the market is still growing relative to February 2018 in preparation for the spring buying season. Market growth should continue in the coming months.”
One part of the market has certainly gained activity, and that's listings. New listings were up 12% over last year and end of month inventory was up 17% over last year, while sales were down 12%. Last year at this time we were at a 48% listing to sales ratio with 4.6 months of inventory, this year…683 Views, 0 Comments
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 594 (606, 587, 557)
# Sales: 239 (230, 210, 260)
Ratio: 40% (38%, 36%, 47%)
# Price Changes: 342 (306, 339, 285)
# Expired/Off Market Listings: 141 (171, 173, 172)
Net loss/gain in listings this week: 214 (205, 204, 125)
Active single family home listings: 3341 (3242, 3097, 2949)
Active condo listings: 2554 (2444, 2346, 2269)
Homes 4-week running average: $438k ($431k, $425k, $429k)
Condos 4-week running average: $233k ($235k, $238k, $239k)
Looks like luxury sales are picking up - there were 13 sales over $1million in the past 30 days, including 3 over $2million. Monthly stats coming on Sunday so I'll leave it at…
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 (587, 557, 665)
# Sales: 230 (210, 260, 238)
Ratio: 38% (36%, 47%, 36%)
# Price Changes: 306 (339, 285, 281)
# Expired/Off Market Listings: 171 (173, 172, 364)
Net loss/gain in listings this week: 205 (204, 125, 63)
Active single family home listings: 3242 (3097, 2949, 2860)
Active condo listings: 2444 (2346, 2269, 2207)
Homes 4-week running average: $431k ($425k, $429k, $438k)
Condos 4-week running average: $235k ($238k, $239k, $237k)
Have a great weekend!