Liv Real Estate Blog

Here’s your latest look at what’s happening in the Edmonton real estate market over the past 7 days. (Previous week's numbers are in brackets). 

New Listings: 582 (580, 690, 653)
Sales: 363 (330, 344, 285)
Ratio: 62% (57%, 50%, 44%)
Price Changes: 305 (299, 251, 224)
Expired/Off-Market Listings: 156 (176, 153, 262)
Net loss/gain in listings this week: 63 (74, 193, 106)
Active single-family home listings: 2574 (2493, 2452, 2307)
Active condo listings: 1708 (1662, 1613, 1546)
Homes 4-week running average: $562 ($566, $563, $564)
Condos 4-week running average: $246 ($244, $247, $251)

What we’re seeing this week is a bit of a push from buyers. Sales picked up while new listings remained roughly the same, raising the sales ratio to 62%. That’s a pretty good sign the market is staying competitive. Inventory is still creeping up, but not aggressively, so it’s not putting much downward pressure on prices. Detached home prices dipped slightly but are still holding pretty steady overall, and condos actually saw a small bounce back.

One thing to keep an eye on is the number of price changes; it’s still high, which suggests buyers are being picky and not jumping at everything. Overall, though, things are feeling a little more seller-friendly right now, especially for well-priced homes.

Check out this week’s charts for a closer look at pricing trends and listings vs. sales activity.