Weekly Market Update, Mar. 8/19

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 582 (495, 437, 422) # Sales: 168 (206, 186, 175) Ratio: 29% (42%, 43%, 41%) # Price Changes: 309 (256, 211, 212) # Expired/Off Market Listings: 354 (345, 216, 127) Net loss/gain in listings this week: 60 (-56, 35, 120) Active single family home listings: 3443 (3290, 3327, 3281) Active condo listings: 1994 (1936, 1966, 1965) Homes 4-week running average: $420k ($419k, $406k, $402k) Condos 4-week running average: $ 216k ($219k, $214k, $215k)

Have a great weekend! Posted by Liv Real Estate on March 8th, 2019

Why would anybody list before next US election ? Its dumb , isn't it Tony ?

Posted by Andrii on Friday, March 8th, 2019 at 8:49pm

Tony,

assuming the UCP wins, the budget will be very bad news for Edmonton. But it will likely be later in the year , after a UCP government takes power and starts working on a budget. Better to sell now.

Posted by Tom on Friday, March 8th, 2019 at 8:49pm

I think Tony is referring to the federal budget when they will increase the mortgage to 30 years.. that will make the existing prices more affordable( borrow more with the same income)… It will be easier to sell in that environment...

Posted by bubu on Friday, March 8th, 2019 at 10:06pm

Why would anybody list a house before the April budget is read? I guess most people don't even know there is an April budget.

Posted by Tony on Saturday, March 9th, 2019 at 1:07am

What difference would that make?
If you need to sell your house, you need to sell it.

Posted by GM on Saturday, March 9th, 2019 at 4:20am

Weekly Market Update, Mar. 8/19

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