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Weekly Market Update, Sep. 16/16
( C: U. t: ?6 b5 O6 APOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON& R4 b% i( n6 X) R
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE5 y0 I. m$ S3 J! \! P! b. z
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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New Listings: 553 (513, 511, 468)3 ?% j0 Q) d" x
# Sales: 267 (220, 294, 255)0 G U' B3 r3 d" h* x0 b
Ratio: 48% (43%, 58%, 54%)+ `$ z! K- c! @6 M
# Price Changes: 458 (380, 419, 374)
' V- |; X5 B7 M! Z( h" x0 q# Expired/Off Market Listings: 226 (208, 497, 174)
( ]9 e. Z' [2 n7 @- |9 aNet loss/gain in listings this week: 60 (85, -280, 39) ~3 J/ Q. [; ~% Z4 t
Active single family home listings: 3,305 (3,285, 3,195, 3,356)
& A. u* I9 y1 r3 P. x5 }2 XActive condo listings: 2,412 (2,356, 2,325, 2,463)
, ?1 {; G! L4 [! {Homes 4-week running average: $428k ($429k, $430k, $434k)
K1 q4 g8 i1 l6 M: x7 zCondos 4-week running average: $249k ($249k, $251k, $257k), M# p8 V2 L+ S: l! Y7 _
" \* _9 k0 ?) I( ~( NSummer’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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