Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 469 (418, 296, 103)
Sales: 166 (156, 116, 129)
Ratio: 35% (37%, 39%, 125%)
Price Changes: 268 (230, 145, 69)
Expired/Off-Market Listings: 198 (185, 667, 160)
Net loss/gain in listings this week: 105 (77, -487, -186)
Active single-family home listings: 2335 (2280, 2252, 2577)
Active condo listings: 1470 (1438, 1388, 1540)
Homes 4-week running average: $425 ($428, $444, $445)
Condos 4-week running average: $200 ($201, $195, $199)
Posted by Sara MacLennan on
Single family homes down $80,000 from the peak.
Posted by GM on Friday, January 20th, 2023 at 3:24pmGM: It may just be seasonality. That being said, with the interest rates not yet working its way through the economy, it wouldn't surprise me if we saw an average closer to $300K within 18 months.
Posted by Tom on Friday, January 20th, 2023 at 7:15pmIt is definitely seasonality, but I don't see the average dropping nearly that much.
Posted by Liv Real Estate on Friday, January 20th, 2023 at 7:42pmLeave A Comment