Weekly Market Update, April 13/18

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 672 (580, 594, 606) # Sales: 248 (173, 239, 230) Ratio: 37% (30%, 40%, 38%) # Price Changes: 386 (333, 342, 306) # Expired/Off Market Listings: 198 (318, 141, 171) Net loss/gain in listings this week: 226 (89, 214, 205) Active single family home listings: 3578 (3416, 3341, 3242) Active condo listings: 2638 (2560, 2554, 2444) Homes 4-week running average: $445k ($443k, $438k, $431k) Condos 4-week running average: $235k ($232k, $233k, $235k) Holy new listings batman! Listing activity this month is well above the levels we saw in for the past few years, including April 2014 which isn't on the chart below. Inventory hasn't gotten as high as it was in 2008 but could be headed in that direction. If you're thinking of "testing the market" by putting your property up for sale slightly above market value, now is definitely not the time.

Have a great weekend! Posted by Liv Real Estate on April 13th, 2018

You're right, I've corrected my mistake. Thanks!

Posted by Sara MacLennan on Wednesday, April 18th, 2018 at 11:47pm

Sara you say "Inventory hasn’t gotten as high as it was in 2014 but could be headed in that direction." I think you mean 2008.

Posted by DD on Thursday, April 19th, 2018 at 3:15am

Weekly Market Update, April 13/18

Leave A Comment