Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 719 (766, 786, 659)
Sales: 496 (555, 507, 565)
Ratio: 69% (72%, 65%, 86%)
Price Changes: 333 (336, 279, 251)
Expired/Off-Market Listings: 126 (128, 207, 194)
Net loss/gain in listings this week: 97 (83, 72, -100)
Active single-family home listings: 2034 (1854, 1725, 1622)
Active condo listings: 2035 (2012, 1949, 1878)
Homes 4-week running average: $500 ($494, $492, $487)
Condos 4-week running average: $235 ($240, $243, $243)
Looking good! The second half of this year is likely shaping up to be another leg up in prices. $600K is not unrealistic.
Posted by Tom on Friday, April 22nd, 2022 at 6:10pmHate to burst your bubble Tom, but the rapidly rising interest rates are going to put an abrupt halt to prices.
Posted by GM on Saturday, April 23rd, 2022 at 11:45pmI think we're going to see sales start to cool off, and inventory start to creep up over the coming months, and that will lead to prices cooling off later this year.
Posted by Liv Real Estate on Monday, April 25th, 2022 at 2:58pmLeave A Comment