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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link:
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" d' A8 D: M3 n* Z% B9 a$ pHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:0 `: g5 A$ u9 ^3 J
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New listings: 456 (492, 455, 529)
L6 r- K5 |# p8 y+ @# Sales: 198 (276, 228, 218)' M3 f2 o/ ?& F0 N
Ratio: 43% (56%, 50%, 41%)8 T* F9 f. r9 G
# Price changes: 341 (390, 363, 369)
9 R' a% ^% R* g1 M# Expired/Off Market Listings: 174 (221, 226, 204)
% Y8 d! r, a2 }* W' y' |7 ]Net loss/gain in listings this week: 84 (-5, 1, 107)# w* C3 h4 `$ l; i
Active listings for single family homes: 3454 (3395, 3374, 3329)
* [& z( B+ w7 VActive listings for condos: 2253 (2232, 2209, 2217)
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Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing.
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, L8 y0 a, E4 i- jThe REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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