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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: 586 (664, 602, 516)
Sales: 457 (432, 379, 411)
Ratio: 78% (65%, 63%, 80%)
Price Changes: 393 (418, 371, 398)
Expired/Off-Market Listings: 240 (243, 395, 179)
Net loss/gain in listings this week: -111 (-11, -172, -74)
Active single-family home listings: 2942 (2941, 2905, 2976)
Active condo listings: 1873 (1888, 1877, 1914)
Homes 4-week running average: $476 ($466, $467, $473)
Condos 4-week running average: $219 ($225, $226, $220)
We could be in some trouble here shortly with inventory.
Posted by Trev on Monday, July 24th, 2023 at 1:09amWe could... I think we're seeing a brief jump in activity because of the rate hikes - buyers are trying to get in before their rate holds expire.
Posted by Liv Real Estate on Monday, July 24th, 2023 at 11:08pmLeave A Comment