Weekly Update on the Edmonton Real Estate Market
June 23, 2008 – 11:05 pmEdmonton Real Estate Blog
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
New listings: 757 (660, 608, 709)
# Sales: 280 (287, 245, 299)
Ratio: 37% (43%, 40%, 42%)
# Price changes: 617 (671, 572, 605)
# Expired Listings: 625 (103, 205, 192)
# Canceled/withdrawn/terminated listings: 62 (73, 57, 55)
Net loss/gain in listings this week: -210 (197, 101,163)
Active listings for single family homes: 4287 (4371, 4303, 4223)
Active listings for condos: 3061 (3233, 3210, 3147)
We haven’t seen that many expired listings since the last week of 2007! I guess that means a lot of people signed 6 month listings and didn’t get sold? However, with that many new listings and not a lot of sales it didn’t have a big impact on inventory, and we can expect most of those expired listings to come back on the market in the next two weeks.
Happy Weekend!