This is one of those times when the stats don't seem to match what is happening in reality. Yesterday, our brokerage held our first-ever "Liv Better Day": where we learned a ton, celebrated our award winners (we give out awards for customer service excellence, leadership, community involvement and teamwork, not sales), and ended the day with a charity challenge where we gave away $4500 to local charities. I had a chance to discuss the market with a lot of our agents, and the stories I kept hearing were of multiple offers. Well priced, well marketed listings are getting a lot of interest from buyers in the Edmonton area.
When you glance at the numbers below, they seem to suggest the market is slow. But really, we're comparing what has started off as a good year, to a record breaking year. Sales are well ahead of 2017, 2018, 2019 and 2002, but well below 2021 and 2022.
In Calgary, they have the lowest inventory they've seen since 2006. Here in Edmonton, our inventory is up from last year, but a bit below average. The increase in new listings has helped keep us in a balanced market in Edmonton, but that is trending towards a seller's market.Posted by Liv Real Estate on