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Edmonton real estate market - Home Prices Drop in July - z E3 c7 k8 D1 [1 Z' d
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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: h$ o/ c; c3 w
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New listings: 456 (492, 455, 529)8 Q! S4 Q9 ^0 r
# Sales: 198 (276, 228, 218)
4 T! ~+ Z; b( k' \: r/ ]( WRatio: 43% (56%, 50%, 41%)
5 Y9 x) H7 F+ I( g- i: h# Price changes: 341 (390, 363, 369)
8 N' b+ {) ^: ]) f* k# Expired/Off Market Listings: 174 (221, 226, 204)$ N/ ?' w' x8 Z7 [+ y+ N8 [, E
Net loss/gain in listings this week: 84 (-5, 1, 107)- [4 @+ Z, A3 j. G3 s5 @9 U2 {
Active listings for single family homes: 3454 (3395, 3374, 3329)
& e* K3 p F, `( n) \: pActive 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. ; _& s& S) U6 T
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The 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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