Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New Listings: 576 (514, 563, 633)
Sales: 245 (278, 287, 317)
Ratio: 43% (54%, 51%, 50%)
Price Changes: 482 (479, 513, 559)
Expired/Off-Market Listings: 630 (287, 334, 344)
Net loss/gain in listings this week: -299 (-51, -58, -28)
Active single-family home listings: 3520 (3693, 3708, 3668)
Active condo listings: 2147 (2287, 2285, 2284)
Homes 4-week running average: $459 ($457, $461, $468)
Condos 4-week running average: $209 ($215, $214, $215)
People should take whatever price they can get now if they want to sell in the next couple years. Lots of listings getting pulled and I suspect they will return to a slower spring market as higher interest rates slow economy. Tiff only cares about inflation these days and not the value of your house.
Posted by Still employed in AB on Friday, October 7th, 2022 at 3:08pmGood to see prices holding firm for SFD! With oil rising again, hopefully next year we see some monster home price gains!
Posted by Tom on Friday, October 7th, 2022 at 7:51pmLeave A Comment