Weekly Market Update, August 30/19

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 455 (618, 549, 497) # Sales: 239 (269, 276, 295) Ratio: 53% (44%, 50%, 88%) # Price Changes: 427 (459, 441, 383) Expired/Off-Market Listings: 230 (321, 282, 232) Net loss/gain in listings this week: -14 (28, -9, , -171, -279) Active single-family home listings: 4251 (4278, 4202, 4226) Active condo listings: 2415 (2411, 2425, 2413) Homes 4-week running average: $437k ($435k, $431k, $429k) Condos 4-week running average: $232k ($226k, $225k, $217k)

Have a great weekend! Posted by Liv Real Estate on August 30th, 2019

Looks like interest rates in Canada will free-fall after the October election. Of course we get all the bogus data like 3.7 percent GDP annualized in the second quarter right before the election. Once the election is over we'll get recessionary data like America.

Posted by Tony on Thursday, August 29th, 2019 at 8:03pm

Yup. The Liberal fake news machine will be in overdrive from now until the election. All bad news will be hidden from the public and all fake good news will be announced non-stop in the fully paid-for media outlets.

On a more positive note, housing prices looking good.

Posted by GM on Friday, August 30th, 2019 at 2:07am

Yeah, housing prices look great! Is this an all time high for this time of year?

Posted by Tom on Saturday, August 31st, 2019 at 7:54am

I still don't know how to create a link. Google Mackinnon panel for suggestions and recommendations and you will see how things are looking up!

Posted by Wally on Tuesday, September 3rd, 2019 at 3:17am

Hey Tom,

No, the average was higher in 2014, it's just that chart only goes back to 2015. Things are looking up though!

Posted by Sara MacLennan on Tuesday, September 3rd, 2019 at 7:16am

Weekly Market Update, August 30/19

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