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Weekly Market Update, Sep. 16/16
7 {2 h. A0 x9 w% Z; pPOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
+ x6 O' k+ j5 r$ v B' C5 rEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE
5 ~2 S. G( B$ @" l# ^+ a. XHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:1 h& m' C3 r! D6 ?; w8 X
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New Listings: 553 (513, 511, 468)6 X* h8 X+ C- ]6 d. T* i+ n& p
# Sales: 267 (220, 294, 255)/ z4 J* r1 R0 J2 I' i, n; z
Ratio: 48% (43%, 58%, 54%)
: T8 Z8 h' S0 U: m$ B' ]/ Q# Price Changes: 458 (380, 419, 374). o5 g( w7 p4 _; a
# Expired/Off Market Listings: 226 (208, 497, 174)* K; A! M6 u& f+ `# |, V, W a: A
Net loss/gain in listings this week: 60 (85, -280, 39)/ A( y. N: x% ?1 E
Active single family home listings: 3,305 (3,285, 3,195, 3,356)& ]7 }( T2 i7 w$ b
Active condo listings: 2,412 (2,356, 2,325, 2,463): ~ B: X" z: |' ~
Homes 4-week running average: $428k ($429k, $430k, $434k)! A4 J* T2 X6 F/ k% Z! R% p; Z" r
Condos 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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listingsandsales
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