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Weekly Market Update, Sep. 16/16
$ z$ A: {% A, i2 @0 H* APOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
7 g4 Y j4 j) _, V, m! uEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE" E- Z3 U; T0 l* l& Y- n. g1 e
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:$ P& e( Z4 J8 F- |' C4 a
9 m# d" Y. j* A/ {New Listings: 553 (513, 511, 468). H1 z& v! E+ s$ u; R4 B. M/ K) Q
# Sales: 267 (220, 294, 255)
1 b3 V+ V9 d7 b% }" h: ]9 Q2 KRatio: 48% (43%, 58%, 54%)5 V( \- V# i$ H' q
# Price Changes: 458 (380, 419, 374); K0 m8 r4 k* s! U! ?
# Expired/Off Market Listings: 226 (208, 497, 174)
4 T8 i$ E( I$ JNet loss/gain in listings this week: 60 (85, -280, 39)! J- a6 \2 A% V6 w8 c
Active single family home listings: 3,305 (3,285, 3,195, 3,356)" Z3 u4 N- X: S5 N0 ]. B) L
Active condo listings: 2,412 (2,356, 2,325, 2,463)+ [, G: y$ N8 n8 {5 W1 L
Homes 4-week running average: $428k ($429k, $430k, $434k)
, y2 T. `8 \, n" s# k: M- SCondos 4-week running average: $249k ($249k, $251k, $257k)
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).7 z& `! |6 n$ o6 S
$ j# u7 L0 U) ~- d* i+ clistingsandsales
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