Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 342 (345, 423, 487)
Sales: 202 (216, 230, 274)
Ratio: 59% (63%, 54%, 56%)
Price Changes: 246 (297, 327, 378)
Expired/Off-Market Listings: 245 (278, 292, 605)
Net loss/gain in listings this week: -105 (-149, -99, -392)
Active single-family home listings: 3118 (3161, 3226, 3236)
Active condo listings: 1852 (1884, 1912, 1939)
Homes 4-week running average: $450 ($446, $442, $447)
Condos 4-week running average: $205 ($201, $205, $208)
And there it is. Prices recovered, in trend with prior year. Fixed Interest rates stable with bond yields falling.
Posted by T-Rev on Friday, November 25th, 2022 at 2:46pmThe worst of the housing market decline is either behind us, or not far in our future. Alberta will outperform from here.
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