Both listings and sales remain above normal levels in the Greater Edmonton Area, which kept the inventory in the normal range (although slightly up from last year). Things shifted closer to balance but we're still hanging on to a seller's market with just under four months of supply (3.74 months to be exact). The benchmark price was up 5.7% from last year with single-family homes leading the way (up 6.8%).  There is more interest in condos than we saw last year, but sales are still well below the normal level.  

 

City of Edmonton Stats

Single-family home sales in Edmonton were in the normal range in August - 813 homes were reported sold, up 12% from last year. The normal decline in sales between July and August was not as steep this…

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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: 548 (652, 630, 564) # Sales: 335 (343, 344, 317) Ratio: 61% (53%, 55%, 56%) # Price Changes: 432 (367, 446, 446) Expired/Off-Market Listings: 236 (277, 230, 470) Net loss/gain in listings this week: -23 (32, 56, -223) Active single-family home listings: 3390 (3399, 3355, 330) Active condo listings: 2978 (2986, 2938, 2909) Homes 4-week running average: $442 ($448, $451, $452) Condos 4-week running average: $226 ($231, $229, $232)    

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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: 652 (630, 564, 564) # Sales: 343 (344, 317, 365) Ratio: 53% (55%, 56%, 65%) # Price Changes: 367 (446, 446, 471) Expired/Off-Market Listings: 277 (230, 470, 221) Net loss/gain in listings this week: 32 (56, -223, -22) Active single-family home listings: 3399 (3355, 3301, 3400) Active condo listings: 2986 (2938, 2909, 3039) Homes 4-week running average: $448 ($451, $452, $452) Condos 4-week running average: $231 ($229, $232, $242)        

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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: 630 (564, 564, 540) Sales: 344 (317, 365, 373) Ratio: 55% (56%, 65%, 69%) Price Changes: 446 (446, 471, 451) Expired/Off-Market Listings: 230 (470, 221, 232) Net loss/gain in listings this week: 56 (-223, -22, -65) Active single-family home listings: 3355 (3301, 3400, 3385) Active condo listings: 2938 (2909, 3039, 3021) Homes 4-week running average: $451 ($452, $452, $464) Condos 4-week running average: $229 ($232, $242, $240)  

 

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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: 564 (564, 540, 662) # Sales: 317 (365, 373, 352) Ratio: 56% (65%, 69%, 53%) # Price Changes: 446 (471, 451, 468) Expired/Off-Market Listings: 470 (221, 232, 240) Net loss/gain in listings this week: -223 (-22, -65, 70) Active single-family home listings: 3301 (3400, 3385, 3415) Active condo listings: 2909 (3039, 3021, 3044) Homes 4-week running average: $452 ($452, $464, $465) Condos 4-week running average: $232 ($242, $240, $253)  

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During one of the hottest months Edmonton has ever seen, the real estate market certainly cooled off in July. While it's normal for sales to drop from June to July, a 19% drop is bigger than normal, however, we did come down from an all-time high and sales were up 2% from last July. The drop is due at least in part to summer holidays - with travel options finally opening up a bit, many Edmontonians have hit the road and put house hunting on the back burner for now. The inventory of homes on the market increased 4% over last year and was basically the same as last month - we typically see the inventory start to decline in July. With 3.6 months of supply, we've almost edged back into a balanced market, bringing some much-needed relief to buyers that have…

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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: 564 (540, 662, 679) # Sales: 365 (373, 352, 433) Ratio: 65% (69%, 53%, 64%) # Price Changes: 471 (451, 468, 484) Expired/Off-Market Listings: 221 (232, 240, 223) Net loss/gain in listings this week: -22 (-65, 70, 23) Active single-family home listings: 3400 (3385, 3415, 3362) Active condo listings: 3039 (3021, 3044, 3024) Homes 4-week running average: $452 ($464, $465, $474) Condos 4-week running average: $242 ($240, $253, $242)      

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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: 540 (662, 679, 627) # Sales: 373 (352, 433, 376) Ratio: 69% (53%, 64%, 60%) # Price Changes: 451 (468, 484, 443) Expired/Off-Market Listings: 232 (240, 223, 380) Net loss/gain in listings this week: -65 (70, 23, -129) Active single-family home listings: 3385 (3415, 3362, 3265) Active condo listings: 3021 (3044, 3024, 3010) Homes 4-week running average: $464 ($465, $474, $473) Condos 4-week running average: $240 ($253, $242, $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: 662 (679, 627, 672) # Sales: 352 (433, 376, 408) Ratio: 53% (64%, 60%, 61%) # Price Changes: 468 (484, 443, 445) Expired/Off-Market Listings: 240 (223, 380, 211) Net loss/gain in listings this week: 70 (23, -129, 53) Active single-family home listings: 3415 (3362, 3265, 3250) Active condo listings: 3044 (3024, 3010, 3108) Homes 4-week running average: $465 ($474, $473, $469) Condos 4-week running average: $253 ($242, $239, $242)      

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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: 679 (627, 672, 771) # Sales: 433 (376, 408, 492) Ratio: 64% (60%, 61%, 64%) # Price Changes: 484 (443, 445, 470) Expired/Off-Market Listings: 223 (380, 211, 186) Net loss/gain in listings this week: 23 (-129, 53, 93) Active single-family home listings: 3362 (3265, 3250, 3179) Active condo listings: 3024 (3010, 3108, 3121) Homes 4-week running average: $474 ($473, $469, $468) Condos 4-week running average: $242 ($239, $242, $232)    

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