The real estate market is looking more normal this fall, after a very busy summer. We're seeing more listings come on the market, and buyers now have the benefit of extremely low mortgage rates and more listings to choose from. New listings are well above normal levels for this time of year (13% up from last year), but so are sales (25% up from last year), so inventory has remained in check. Sales outside the city of Edmonton continue to pull the market up (single-family home sales in Edmonton were up 9.5% compared to 25% for the market overall). I don't expect sales to stay above normal levels for much longer, so if listings continue to come on the market at higher than normal levels, as I expect they will, we'll be back to higher than normal inventory levels in the new year.
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