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: 434 (404, 424, 439)
Sales: 417 (368, 325, 311)
Ratio: 96% (91%, 77%, 71%)
Price Changes: 125 (132, 178, 190)
Expired/Off-Market Listings: 121 (99, 107, 258)
Net loss/gain in listings this week: -104 (-63, -8, -130)
Active single-family home listings: 1747 (1757, 1771, 1738)
Active condo listings: 1065 (1065, 1059, 1051)
Homes 4-week running average: $476 ($477, $465, $463)
Condos 4-week running average: $205 ($197, $206, $206)

Posted by Sara MacLennan on
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What's going on with the condo market? Seasonal inventory seems really low, so shouldn't prices be higher?

Posted by JG on Friday, February 23rd, 2024 at 2:35pm

Almost record high sales yet record low condo prices? Lots of cheaper apartments sold?

Posted by Chuck Conroy on Friday, February 23rd, 2024 at 6:00pm

My apologies for the delayed reply. We get so many fake/spammy comments that I sometimes miss the real ones. We are seeing higher demand for condos, but it tends to be in the lower price ranges.

The benchmark price is a much better indication of what is happening with the value of different property types. You can see the benchmark price and trends in our monthly update -

Apartment-style condo prices are on the rise for the first time in a long time, up about 5% year over year.

Posted by Liv Real Estate on Monday, March 11th, 2024 at 12:53pm

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