Weekly Market Update Apr. 30/21

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 785 (750, 751, 689) # Sales: 484 (476, 468, 383, 450) Ratio: 62% (63%, 62%, 56%) # Price Changes: 415 (368, 341, 300) Expired/Off-Market Listings: 162 (167, 161, 136) Net loss/gain in listings this week: 139 (107, 122, 170) Active single-family home listings: 2706 (2608, 2517, 2485) Active condo listings: 2791 (2731, 2660, 2555) Homes 4-week running average: $454 ($458k, $463k, $454k) Condos 4-week running average: $225 ($222k, $231k, $232k)

“It always seems impossible until it is done.” - Nelson Mandela Posted by Liv Real Estate on April 30th, 2021

The CRB being cut from $500 a week to $300 a week starting this July certainly won't help home prices in Edmonton.

Posted by Tony on Saturday, May 1st, 2021 at 10:00pm

Hi Sarah. Home prices in Canada are up 31% year over year in Canada, and they're starting to go vertical. Any thoughts on why we haven't gone vertical yet?

https://creastats.crea.ca/static/96437e0da129d54d9708b77de788eb38/ee604/natl_chartA04_xhi-res_en.png

Posted by Tom on Sunday, May 2nd, 2021 at 4:58am

Take out Toronto and Vancouver and the chart will look a lot different.

Posted by GM on Sunday, May 2nd, 2021 at 11:42pm

I'm seeing a lot of SOLD signs. But I'm also seeing a lot of FOR SALE signs popping up.
Now that prices are going up it seems like everybody and his dog wants to put their place up for sale.

Posted by GM on Wednesday, May 5th, 2021 at 4:57am

Toronto home prices fell 3.6 percent moth over month from March to April 2021 with a big drop in sales. Edmonton might see a lot more for sale signs.

Posted by Tony on Thursday, May 6th, 2021 at 1:09am

Weekly Market Update Apr. 30/21

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