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Weekly Market Update, Sep. 16/16: f% u3 X# X% {% I
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
+ |5 C6 O6 m1 `* D2 MEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE% O8 Z& \ C8 |5 M# x7 n
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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+ e: t7 g- W; f* Y: C( E+ DNew Listings: 553 (513, 511, 468)% g9 Y$ Q/ l' w& z7 o; w
# Sales: 267 (220, 294, 255)' D U# M A5 ~7 i5 ~
Ratio: 48% (43%, 58%, 54%)% \7 s' K: t" \! h( Z
# Price Changes: 458 (380, 419, 374); T- r6 J' D( f/ z
# Expired/Off Market Listings: 226 (208, 497, 174)6 `, Y" w/ ]$ D3 g4 ^' j
Net loss/gain in listings this week: 60 (85, -280, 39)3 \) y' Y3 ]$ x
Active single family home listings: 3,305 (3,285, 3,195, 3,356)
4 z) O7 y- `5 S8 U- M UActive condo listings: 2,412 (2,356, 2,325, 2,463)2 J! i( x5 `% Y8 ^0 j* g) q+ Z
Homes 4-week running average: $428k ($429k, $430k, $434k)0 a% e4 F$ n+ l( o6 a! L1 x: Z' p
Condos 4-week running average: $249k ($249k, $251k, $257k)7 D6 y) W# Q& L3 s
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Summer’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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