Sales definitely cooled off in July in the Edmonton area; single-family sales were down 3% from last July and 28% from last month, taking us back to slightly below the normal level of sales for this time of year. The average price of single-family homes increased 8.4% from last year, and the median price was up 7.4% to $437,950. I'll update this post later this week when the REALTORS® Association of Edmonton releases their monthly report on the housing market. We are now officially a balanced market for the first time since January 2021. Home sales are still up ever so slightly from last July but down 24% from last month. The cumulative days on the market have increased by 8 days, so sellers should expect their homes to sit on the market longer. Marketing…

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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: 572 (638, 720, 646)
Sales: 333 (372, 385, 309)
Ratio: 58% (58%, 53%, 48%)
Price Changes: 569 (571, 654, 521)
Expired/Off-Market Listings: 244 (239, 238, 437)
Net loss/gain in listings this week: -5 (27, 97, -100)
Active single-family home listings: 3687 (3636, 3545, 3420)
Active condo listings: 2536 (2533, 2495, 2447)
Homes 4-week running average: $486 ($485, $482, $481)
Condos 4-week running average: $224 ($227, $228, $230)

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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: 638 (720, 646, 681)
Sales: 372 (385, 309, 415)
Ratio: 58% (53%, 48%, 61%,)
Price Changes: 571 (654, 521, 568)
Expired/Off-Market Listings: 239 (238, 437, 412)
Net loss/gain in listings this week: 27 (97, -100, -146)
Active single-family home listings: 3636 (3545, 3420, 3376)
Active condo listings: 2533 (2495, 2447, 2382)
Homes 4-week running average: $485 ($482, $481, $480)
Condos 4-week running average: $227 ($228, $230, $233)

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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: 720 (646, 681, 700)
Sales: 385 (309, 415, 441)
Ratio: 53% (48%, 61%, 63%)
Price Changes: 654 (521, 568, 602)
Expired/Off-Market Listings: 238 (437, 412, 249)
Net loss/gain in listings this week: 97 (-100, -146, 10)
Active single-family home listings: 3545 (3420, 3376, 3331)
Active condo listings: 2495 (2447, 2382, 2499)
Homes 4-week running average: $482 ($481, $480, $486)
Condos 4-week running average: $228 ($230, $233, $237)

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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: 646 (681, 700, 776)
Sales: 309 (415, 441, 465)
Ratio: 48% (61%, 63%, 60%)
Price Changes: 521 (568, 602, 592)
Expired/Off-Market Listings: 437 (412, 249, 235)
Net loss/gain in listings this week: -100 (-146, 10, 76)
Active single-family home listings: 3420 (3376, 3331, 3257)
Active condo listings: 2447 (2382, 2499, 2410)
Homes 4-week running average: $481 ($480, $486, $480)
Condos 4-week running average: $230 ($233, $237, $237)

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The real estate market in Edmonton is a tale of two-time frames; when we look at the stats year over year things look very good, but compared to just a few months ago, things have really slowed down. This, of course, is actually good news because overheated markets are not good in the long run. Interestingly, Calgary sales are down about 2% from last year, while my preliminary look at the market shows sales of single-family homes and condos are still up in Edmonton (13% and 18%, respectively). 

“As expected, higher interest rates are starting to have an impact on home sales. This is helping shift the market toward more balanced conditions and taking some of the pressure off prices,” said CREB® Chief Economist Ann-Marie Lurie. “While we are starting to…

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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: 681 (700, 776, 803)
Sales: 415 (441, 465, 455)
Ratio: 61% (63%, 60%, 57%)
Price Changes: 568 (602, 592, 643)
Expired/Off-Market Listings: 412 (249, 235, 190)
Net loss/gain in listings this week: -146 (10, 76, 158)
Active single-family home listings: 3376 (3331, 3257, 3150)
Active condo listings: 2382 (2499, 2410, 2448)
Homes 4-week running average: $480 ($486, $480, $478)
Condos 4-week running average: $233 ($237, $237, $233)





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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: 700 (776, 803, 756)
Sales: 441 (465, 455, 449)
Ratio: 63% (60%, 57%, 59%)
Price Changes: 602 (592, 643, 642)
Expired/Off-Market Listings: 249 (235, 190, 290)
Net loss/gain in listings this week: 10 (76, 158, 17)
Active single-family home listings: 3331 (3257, 3150, 2975)
Active condo listings: 2499 (2410, 2448, 2377)
Homes 4-week running average: $486 ($480, $478, $481)
Condos 4-week running average: $237 ($237, $233, $239)



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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: 776 (803, 756, 741)
Sales: 465 (455, 449, 408)
Ratio: 60% (57%, 59%, 55%)
Price Changes: 592 (643, 642, 435)
Expired/Off-Market Listings: 235 (190, 290, 147)
Net loss/gain in listings this week: 76 (158, 17, 186)
Active single-family home listings: 3257 (3150, 2975, 2942)
Active condo listings: 2410 (2448, 2377, 2358)
Homes 4-week running average: $480 ($478, $481, $483)
Condos 4-week running average: $237 ($233, $239, $236)

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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: 803 (756, 741, 861)
Sales: 455 (449, 408, 479)
Ratio: 57% (59%, 55%, 56%)
Price Changes: 643 (642, 435, 508)
Expired/Off-Market Listings: 190 (290, 147, 190)
Net loss/gain in listings this week: 158 (17, 186, 192)
Active single-family home listings: 3150 (2975, 2942, 2754)
Active condo listings: 2448 (2377, 2358, 2294)
Homes 4-week running average: $478 ($481, $483, $488)
Condos 4-week running average: $233 ($239, $236, $236)


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