Weekly Market Update, Feb. 22/19

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 437 (422, 528, 403) # Sales: 186 (175, 179, 144) Ratio: 43% (41%, 36%, 31%) # Price Changes: 211 (212, 221, 233) # Expired/Off Market Listings: 216 (127, 428, 370) Net loss/gain in listings this week: 35 (120, -79, -111) Active single family home listings: 3327 (3281, 3194, 3141) Active condo listings: 1966 (1965, 1910, 1850) Homes 4-week running average: $406k ($402k, $397k, $392k) Condos 4-week running average: $214k ($215k, $206k, $213k)

Have a great weekend! Posted by Liv Real Estate on February 22nd, 2019

The gap between price of SFH last year and this year (same time) is stark!

Posted by a common guy on Thursday, February 21st, 2019 at 7:19pm

I'll make the call that resale condo prices have bottomed out in Edmonton. It looks to me like the last seller has already sold. Interest rates in both Canada and America are poised to move lower. Amortization periods for mortgages are expected to be raised to 30 years from 25 in the April budget.

Posted by Tony on Friday, February 22nd, 2019 at 6:11am

Tony, we'll see average condos under $200k... just wait.... When they will hit 3 times the average individual income you can see the bottom....

Posted by bubu on Friday, February 22nd, 2019 at 7:19pm

Weekly Market Update, Feb. 22/19

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