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Weekly Market Update, Sep. 16/16
$ z5 |2 l8 j2 e1 U: j( n2 yPOSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
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' Q, W- N& C* d/ q5 ?9 Q, B; G1 PHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:1 Y T) K/ s6 a }( H
% J# W3 l4 ^2 `New Listings: 553 (513, 511, 468)
0 O7 g6 w; T7 [# Sales: 267 (220, 294, 255)$ S8 b: W5 m2 `. @$ d) d$ ]. S
Ratio: 48% (43%, 58%, 54%)
9 [- I! ]% ~! R0 x# Price Changes: 458 (380, 419, 374)# h' |5 c3 J5 w, \( F2 |2 r9 O. z' B2 |, L
# Expired/Off Market Listings: 226 (208, 497, 174)+ a$ }9 Y% w7 B; @) s: G8 h
Net loss/gain in listings this week: 60 (85, -280, 39)' M' ~2 s* X& L1 F6 u7 N: O H
Active single family home listings: 3,305 (3,285, 3,195, 3,356)
& O( J$ v: N, i* I# YActive condo listings: 2,412 (2,356, 2,325, 2,463)
# l8 o9 S2 I8 c: i( xHomes 4-week running average: $428k ($429k, $430k, $434k)
( u* U$ a8 m- _" kCondos 4-week running average: $249k ($249k, $251k, $257k)
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& i# z9 v g% q4 ], J; TSummer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).
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! r: _3 V$ d, P6 V; ~; v$ Flistingsandsales
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