Weekly Market Update, Feb. 15/19

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 422 (528, 403, 450) # Sales: 175 (179, 144, 138) Ratio: 41% (36%, 31%, 30%) # Price Changes: 212 (221, 233, 208) # Expired/Off Market Listings: 127 (428, 370, 174) Net loss/gain in listings this week: 120 (-79, -111, 138) Active single family home listings: 3281 (3194, 3141, 3198) Active condo listings: 1965 (1910, 1850, 1892) Homes 4-week running average: $402k ($397k, $392k, $401k) Condos 4-week running average: $215k ($206k, $213k, $215k)

Have a great weekend! Posted by Liv Real Estate on February 15th, 2019

And finally houses are becoming a place to live not to speculate in Edmonton... Not there yet but on the way....

Posted by bubu on Friday, February 15th, 2019 at 7:16pm

Agreed Babu. This is great, but we still have a steep decline to go with the UCP cutting high paying jobs in Edmonton, and interest rates set to rise. We will likely see a 30% drop in price within the next 36 months.

Posted by Tom on Sunday, February 17th, 2019 at 5:38am

Tom, prepare the cash :)

Posted by bubu on Monday, February 18th, 2019 at 1:58am

How can you say falling home prices are good? Our economy is in the tank and the only ones that are optimistic about falling re prices are the ones who can't afford it in the first place.

Posted by Bob on Monday, February 18th, 2019 at 7:26pm

Weekly Market Update, Feb. 15/19

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