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Weekly Market Update, Sep. 16/16
# {4 {! W* N+ y$ r) M& B" ~- V0 d! VPOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
7 s7 K2 a) ~1 qEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE2 y8 k1 f$ h. U& N8 ?# P: f
Here 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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2 p: a" w* p& ` J0 n. d" ANew Listings: 553 (513, 511, 468)8 [+ l, _" c# i" [( X
# Sales: 267 (220, 294, 255)
4 f+ u: P# a/ ?; N- s% BRatio: 48% (43%, 58%, 54%)
, p2 B. ]" A5 ?+ H( L# Price Changes: 458 (380, 419, 374)
& n# m& a( l0 d, `1 y7 e2 T( P# Expired/Off Market Listings: 226 (208, 497, 174)% m4 J1 T1 P! T. x& V
Net loss/gain in listings this week: 60 (85, -280, 39)
0 z- z9 G, h0 E, J, Y$ f- j0 [Active single family home listings: 3,305 (3,285, 3,195, 3,356)3 q2 v0 b( b* U
Active condo listings: 2,412 (2,356, 2,325, 2,463)
6 f- V: I3 F2 |1 E/ J& ^, n: k2 GHomes 4-week running average: $428k ($429k, $430k, $434k)$ b( {2 \5 {7 }, q1 D6 R# |
Condos 4-week running average: $249k ($249k, $251k, $257k)! t! V. @+ \0 P' `0 _4 G
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).- L' p( q* b& B4 |( N
2 Z! t- b$ P0 `9 z6 ]listingsandsales1 x# p ]8 L: H: w2 p; b
# K5 ?9 t9 h7 l* ^listingsandsales |
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