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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 415 (288, 140, 201)
Sales: 212 (170, 154, 290)
Ratio: 51% (59%, 110%, 144%)
Price Changes: 185 (114, 55, 117)
Expired/Off-Market Listings: 154 (565, 184, 213)
Net loss/gain in listings this week: 49 (-447, -198, -302)
Active single-family home listings: 1655 (1693, 1917, 2009)
Active condo listings: 1808 (1768, 1962, 2037)
Homes 4-week running average: $457 ($460, $456, $434)
Condos 4-week running average: $205 ($206, $205, $204)
Sara, with the market so hot right now, do you have any thoughts on whether the high sales, and prices, will continue, or accelerate, into the Spring?
Posted by Tom on Friday, January 14th, 2022 at 4:45pmHey Tom, I think the first half of the year is going to be very busy, and things will likely cool off when interest rates go up (assuming they go up). Edmonton is very affordable compared to the rest of the country, we are seeing a lot of people cash out of other markets, or return home as the job market improves. I'll have more insight after the annual forecasts in Edmonton and Calgary over the next two weeks.
Posted by Liv Real Estate on Saturday, January 15th, 2022 at 5:33pmThanks for the reply, Sara! :)
Posted by Tom Smith on Sunday, January 16th, 2022 at 9:25amLeave A Comment