Weekly Market Update, March 23/18

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 606 (587, 557, 665) # Sales: 230 (210, 260, 238) Ratio: 38% (36%, 47%, 36%) # Price Changes: 306 (339, 285, 281) # Expired/Off Market Listings: 171 (173, 172, 364) Net loss/gain in listings this week: 205 (204, 125, 63) Active single family home listings: 3242 (3097, 2949, 2860) Active condo listings: 2444 (2346, 2269, 2207) Homes 4-week running average: $431k ($425k, $429k, $438k) Condos 4-week running average: $235k ($238k, $239k, $237k)

Have a great weekend! Posted by Liv Real Estate on March 23rd, 2018

So without the $2M house sold this week the average would be $424k so trending down....

Posted by bubu on Friday, March 23rd, 2018 at 3:45am

And the big decline begins.

Posted by Rick on Saturday, March 24th, 2018 at 4:22am

It makes sense that we've passed the peak of the market, with tougher mortgage conditions, as well as rates that will continue to go higher. Plus, if the UCP gets in and cut the public service's salaries by 20% which is what the rumour for their platform is, you're going to see a housing average of $350,000 in 2020-2021, which would be an 18% decline from here.

Posted by Tom on Saturday, March 24th, 2018 at 5:54am

Sara, do you have any charts showing total inventory over previous years? New listings and sales for each week are interesting, but total inventory of residential properties for sale would be more informative.

Posted by Taraz on Sunday, March 25th, 2018 at 7:20am

Weekly Market Update, March 23/18

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