Weekly Update May 7/21

Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days: New Listings: 828 (785, 750, 751) # Sales: 439 (484, 476, 468, 383) Ratio: 53% (62%, 63%, 62%) # Price Changes: 416 (415, 368, 341) Expired/Off-Market Listings: 288 (162, 167, 161) Net loss/gain in listings this week: 101 (139, 107, 122) Active single-family home listings: 2758 (2706, 2608, 2517) Active condo listings: 2834 (2791, 2731, 2660) Homes 4-week running average: $459 ($454, $458k, $463k) Condos 4-week running average: $233 ($225, $222k, $231k) It's likely we've seen sales peak for this year, but I could be wrong. The number of people searching online for real estate related terms plateaued in late March and started to decline in late April. New listings are really accelerating, which will reduce the urgency for many buyers, so we could see inventory start to creep up soon.

Posted by Liv Real Estate on May 6th, 2021

Nice 12% year over year gain in detached home prices. And with the additional $100 billion that the federal government will pump into the economy in the Fall, as well continued low interest rates, and massive materials inflation we're starting to see, I'll bet we see another 10%+ gain in the next 12 months as well.

Posted by Tom on Thursday, May 6th, 2021 at 9:50pm

I'm sure 99 of that $100 billion will be pumped into Quebec.

Posted by GM on Thursday, May 6th, 2021 at 11:31pm

Calgary market is very hot.

https://www.calgarysun.com/news/local-news/only-the-strongest-make-it-through-as-calgarys-real-estate-market-turns-red-hot

Posted by GM on Friday, May 7th, 2021 at 5:46am

U.S. banks hike 4 and 5 year mortgage rates up to .25 percent.

Posted by Tony on Wednesday, May 12th, 2021 at 7:19am

Tony, I can't find that information anywhere.

Posted by GM on Friday, May 14th, 2021 at 7:35am

Weekly Update May 7/21

Leave A Comment