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Weekly Market Update, Sep. 16/16
! ?# r) ?: v: Q, ]POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON8 D! {* o( B2 r" W" X" T- e: O3 j& r# S
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE
8 Q8 R+ J: H0 k& U; R x$ S$ C8 n' sHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:# m2 e4 H4 ?% m Y
3 u# l% ?, Q5 M! kNew Listings: 553 (513, 511, 468)
" q. v* k W/ x! G" R C# Sales: 267 (220, 294, 255)
1 }( k( c; w) SRatio: 48% (43%, 58%, 54%); e. u' \% t2 H+ }' U
# Price Changes: 458 (380, 419, 374)
% c8 G4 A4 o. O# Expired/Off Market Listings: 226 (208, 497, 174)( T8 B) O8 X/ p8 Z4 u1 |; J/ v
Net loss/gain in listings this week: 60 (85, -280, 39) w. G, L) P$ ~" Y* L9 b! f
Active single family home listings: 3,305 (3,285, 3,195, 3,356)7 c* t7 m) H; o
Active condo listings: 2,412 (2,356, 2,325, 2,463), W: V$ U5 H4 s
Homes 4-week running average: $428k ($429k, $430k, $434k)# p8 O4 Y* j+ c+ s n+ H$ E
Condos 4-week running average: $249k ($249k, $251k, $257k). x1 w' e; F9 k+ R5 Q' u4 K3 Z8 i+ r' X
/ ~9 L0 N# p1 S) D! bSummer’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).3 G" Y/ ]0 }/ @: m
3 e# R! E; f+ A3 r0 S8 Mlistingsandsales
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