Weekly Market Update, November 16/18

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 403 (404, 437, 415) # Sales: 211 (175, 183, 192) Ratio: 52% (43%, 42%, 46%) # Price Changes: 292 (365, 424, 436) # Expired/Off Market Listings: 307 (259, 668, 262) Net loss/gain in listings this week: -115 (-30, -414, -39) Active single family home listings: 3976 (4008, 4007, 4227) Active condo listings: 2220 (2271, 2285, 2458) Homes 4-week running average: $438k ($438k, $432k, $427k) Condos 4-week running average: $220k ($220k, $219k, $223k)

Have a great weekend! Posted by Liv Real Estate on November 16th, 2018

The averages didn't fall this week... a miracle.

Posted by Tony on Thursday, November 15th, 2018 at 9:07pm

That, we can likely attribute to the fact that there were several over one million dollar sales as happened last week.

Posted by Rick on Thursday, November 15th, 2018 at 9:36pm

House prices look like they're hanging in there.
Would you be able to post a chart of price per sq ft? That would tell us if house prices are really holding up.

Posted by GM on Thursday, November 15th, 2018 at 11:29pm

This is Canada.

People will pay as much as possible for a house as "RE always goes up".

Interest rates don't matter. People will cough up money from somewhere.

Posted by Mike on Monday, November 19th, 2018 at 6:44am

The slow melt is well underway and will continue into next year and beyond.

Remember, the average price stats are virtually meaningless and is really just an industry marketing tool.

Posted by GPC on Wednesday, November 21st, 2018 at 3:30am

Weekly Market Update, November 16/18

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