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Edmonton real estate market - Home Prices Drop in July }9 s' D2 y/ e! N1 j! w
6 }' o7 N8 {9 r' A; {Information was from the follow link:
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:$ R: C. N; j6 @0 @% [
* G0 L! l' K' R/ w0 Y ANew listings: 456 (492, 455, 529)
$ q) W7 V% i$ k" {& j8 l+ L# Sales: 198 (276, 228, 218)
' l& x- v- ~. w: i# XRatio: 43% (56%, 50%, 41%)
2 }+ N9 X+ g1 D; f1 z# Price changes: 341 (390, 363, 369)
$ Y9 ~3 w8 w" v: _/ X' c# Expired/Off Market Listings: 174 (221, 226, 204)
3 a7 ~, I, Q6 `Net loss/gain in listings this week: 84 (-5, 1, 107)3 ]" S8 U+ c8 ]( w/ O6 C1 l
Active listings for single family homes: 3454 (3395, 3374, 3329)2 a' }# p& X+ W( w* W$ l+ ?" o
Active listings for condos: 2253 (2232, 2209, 2217)
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Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing.
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" o ?0 E# p l E hThe REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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