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Edmonton Real Estate Market Weekly Update
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' X# _5 R: g2 J: ^) z; yWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
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* q3 Y6 t& B& D8 y: x+ _* qNew listings: 390 (380, 94, 107)& Z8 G) v# N3 u3 }# ^8 o ^
# Sales: 111 (82, 37, 65)
3 ~9 d2 e# w9 @& D/ I6 a: XRatio: 28% (22%, 39%, 61%)$ U0 M2 q' s" A: ^; H
# Price changes: 242 (156, 94, 75)
0 @" p" ^ p" C5 `) ]+ V# Expired Listings: 215 (171,851, 184)6 b- c" [) w( ?) ~& }
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)# M: t7 J- |4 q) @9 S4 P$ n
Net loss/gain in listings this week: 43 (116, -807, -159)
3 M3 e( F% {, C! \1 L2 IActive listings for single family homes: 2347 (2258, 2722, 2804)7 k+ ]# k' y9 ?3 s! D5 x) o
Active listings for condos: 1625 (1554, 1878, 1934)
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Last year at this time the sales to new listings ratio was at 30%, so we're not far off last year. I was expecting to see more sales this week, simply because things seem busier out there (more showings, more offers etc). One thing that could be slowing things up a bit are conditions - it is harder to get a mortgage these days, so the condition dates are being written for a longer period of time. Sales are not reported until all conditions are removed so the start to the year could be slower because of longer condition periods. |
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