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Weekly Market Update, Sep. 16/16/ R2 i7 N. y' O" O# L3 w
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON
0 K4 a8 v' r- v' DEDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE5 \/ w9 i7 x* m! a, M
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:$ B2 ^6 m5 U/ \& w; n
1 o3 n- a; B9 eNew Listings: 553 (513, 511, 468)8 u1 L# {: q1 q) f% x4 r
# Sales: 267 (220, 294, 255)+ `% \- g7 X2 e* q# i. k" t
Ratio: 48% (43%, 58%, 54%)9 }1 m' x1 s6 E( m# f
# Price Changes: 458 (380, 419, 374)- u1 h; Z7 Y& z$ G" P
# Expired/Off Market Listings: 226 (208, 497, 174)
: i# j* j+ D! m0 X" |7 pNet loss/gain in listings this week: 60 (85, -280, 39)
% X# A( y% h4 `8 a/ O2 xActive single family home listings: 3,305 (3,285, 3,195, 3,356)
0 t" R. z- U0 VActive condo listings: 2,412 (2,356, 2,325, 2,463)
& a+ h3 y7 y$ {% C/ I; YHomes 4-week running average: $428k ($429k, $430k, $434k)
' E, p& n. l: y9 K' LCondos 4-week running average: $249k ($249k, $251k, $257k)
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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).) x) Q u* W3 d, Q. r) S
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listingsandsales
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