Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 572 (638, 720, 646)
Sales: 333 (372, 385, 309)
Ratio: 58% (58%, 53%, 48%)
Price Changes: 569 (571, 654, 521)
Expired/Off-Market Listings: 244 (239, 238, 437)
Net loss/gain in listings this week: -5 (27, 97, -100)
Active single-family home listings: 3687 (3636, 3545, 3420)
Active condo listings: 2536 (2533, 2495, 2447)
Homes 4-week running average: $486 ($485, $482, $481)
Condos 4-week running average: $224 ($227, $228, $230)
I love the trend of continuously increasing prices the last little while. Hopefully we hit an all time high later this year!
Posted by Tom on Friday, July 29th, 2022 at 12:35pmEdmonton market showing tremendous resilience in the face of rising rates according to the sales and prices shown here. The national media seems to be having a conniption, and rightly so, about the crash in southern Ontario (and maybe Interior BC?) as those markets come off of absurd spikes (remember the hangover in Alberta real estate after 2006-2007?), but things seem just fine here. Thanks for sharing Sara!
Posted by Trev on Saturday, July 30th, 2022 at 7:23amLeave A Comment