Weekly Market Update, July 26/19

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 495 (530, 586, 523) # Sales: 283 (319, 329, 265) Ratio: 57% (60%, 56%, 51%) # Price Changes: 471 (500, 497, 438) Expired/Off Market Listings: 190 (219, 239, 450) Net loss/gain in listings this week: 22 (-8, 18, -192, -2) Active single family home listings: 4325 (4310, 4298, 326) Active condo listings: 2509 (2496, 2510, 2460) Homes 4-week running average: $420k ($417k, $421k, $418k) Condos 4-week running average: $213k ($225k, $227k, $236k)

Have a great weekend! Posted by Liv Real Estate on July 26th, 2019

A few lowball sales, it used to cost twice as much to rent a condo than own but as rates fall that'll mean it'll cost 3 times more to rent than own a condo. At some point in time either the locals wake up or the buyers will come in from out of province in the search for yield.

Posted by Tony on Thursday, July 25th, 2019 at 10:13pm

What's happening to condo prices :(

Posted by Tom on Friday, July 26th, 2019 at 7:57am

Weekly Market Update, July 26/19

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