Weekly Market Update, May 26/17

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 575 (667, 705, 691) # Sales: 274 (324, 310, 337) Ratio: 48% (49%, 44%, 49%) # Price Changes: 423 (445, 422, 423) # Expired/Off Market Listings: 146 (183, 153, 336) Net loss/gain in listings this week: 155 (160, 242, 18) Active single family home listings: 3,325 (3,231, 3,172, 3,065) Active condo listings: 2,906 (2839, 2,745, 2,624) Homes 4-week running average: $438k ($437k, $442k, $443k) Condos 4-week running average: $248k ($251k, $248k, $248k)

Have a great weekend! Posted by Liv Real Estate on May 26th, 2017

Well, at this point it looks like another boring year. I guess if the quality and size of house sold is continuing to go up, that means buyers are beating inflation on average?

It could definitely be worse.

Posted by Anonymous on Thursday, May 25th, 2017 at 11:12pm

It probably depends on when they bought and whether or not the house served a useful purpose over that time period. If they bought a long time ago and/or got value out of the house (i.e. they had somewhere to live, or they rented it out for income, etc.) then great. If not and it sat empty over a year or two, the return looks to be underwhelming.

Posted by Anonymous on Sunday, May 28th, 2017 at 11:57pm

And is the seller beating inflation?

Posted by Stu on Monday, May 29th, 2017 at 7:16am

Weekly Market Update, May 26/17

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