Here is our weekly update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New Listings: 404 (424, 439, 338)
Sales: 368 (325, 311, 285)
Ratio: 91% (77%, 71%, 84%)
Price Changes: 132 (178, 190, 148)
Expired/Off-Market Listings: 99 (107, 258, 112)
Net loss/gain in listings this week: -63 (-8, -130, -59)
Active single-family home listings: 1757 (1771, 1738, 1817)
Active condo listings: 1065 (1059, 1051, 1059)
Homes 4-week running average: $477 ($465, $463, $462)
Condos 4-week running average: $197 ($206, $206, $220)
The 98 1% ratio is not a number I've seen on this blog in the past 10 years. The interest in the market and number of sales seems huge but the price of condos is extremely low. My guess is that many low-end apartment condos are now able to sell and this has dropped the price of condos to a record low number.
Posted by Chuck Conroy on Friday, February 16th, 2024 at 6:31pmHey,
Posted by Liv Real Estate on Monday, March 11th, 2024 at 1:00pmMy apologies for the delayed reply. We get so many fake/spammy comments that I sometimes miss the real ones.
91% is extremely high! The market is moving extremely quickly right now. Our monthly update has more details - https://www.livrealestate.ca/blog/february-2024-a-market-on-the-rise-sales-soar-52-in-greater-edmonton-real-estate.html
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