Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:

New Listings: 490 (480, 371, 399)
Sales: 377 (366, 280, 242)
Ratio: 77% (76%, 75%, 61%)
Price Changes: 219 (190, 210, 170)
Expired/Off-Market Listings: 140 (265, 162, 172)
Net loss/gain in listings this week: -27 (-151, -71, -15)
Active single-family home listings: 1293 (1401, 1488, 1571)
Active condo listings: 1807 (1769, 1791, 1804)
Homes 4-week running average: $459 ($447, $442, $457)
Condos 4-week running average: $225 ($220, $223, $208)

Posted by Sara MacLennan on
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Looks like the panic buying has started.
Everyone who has locked in a pre-approved rate is now panicking to buy something before the rate expires.

Posted by GM on Friday, February 11th, 2022 at 3:11pm

With low mortgage rate pre-approvals likely to expire in the next couple months, and extremely low inventory for detached homes, I suspect we'll see a lot of money and buyers chasing very few decent listing, with bidding wars and condition-free offers. Should be a white hot spring!

Posted by Tom on Friday, February 11th, 2022 at 5:26pm

The panic buying has already started. I think its going to be the busiest summer ever this year!

Posted by Ose A on Thursday, February 17th, 2022 at 10:05am

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