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Weekly Market Update, Sep. 16/16
8 |* n" o2 b" D' h1 o) BPOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
' }& }7 X+ G9 e- Z8 B! V- ~EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE9 c1 G3 h* z \
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:" E1 ~- F! s9 i" ]
9 U2 W, z/ ]$ u% E2 d8 x" W1 yNew Listings: 553 (513, 511, 468)
: g9 S! v0 t& n& i7 f* U6 ~# Sales: 267 (220, 294, 255)
& D4 ?, X; f$ vRatio: 48% (43%, 58%, 54%)# |2 e& c( S7 V' Q& F. w& e
# Price Changes: 458 (380, 419, 374)
0 A/ n4 X. G% y) z; A2 \: N# Expired/Off Market Listings: 226 (208, 497, 174) Z6 P6 a! Q0 _5 w3 M
Net loss/gain in listings this week: 60 (85, -280, 39)
8 N. P8 @1 Q, n+ V. {2 f) I/ B, SActive single family home listings: 3,305 (3,285, 3,195, 3,356)
! @% N4 D# T1 {0 H, N5 h/ j. I! ?Active condo listings: 2,412 (2,356, 2,325, 2,463)
* N. g* Q [. J3 d# u T! hHomes 4-week running average: $428k ($429k, $430k, $434k)
" w- C$ q% v2 BCondos 4-week running average: $249k ($249k, $251k, $257k)
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).
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