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Weekly Market Update, Sep. 16/16$ Y0 F& P Q$ U) [- q
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON: e6 I. p t3 u: V1 v4 M: {
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE3 B' q) @3 T* j, W
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:1 r( T. a; t3 D: G; l
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New Listings: 553 (513, 511, 468)8 k6 I1 Q ^ d& V) F# m9 w# b
# Sales: 267 (220, 294, 255). G5 ^, x& q8 M& s3 b
Ratio: 48% (43%, 58%, 54%)4 ~, K0 |4 p* O7 _0 H
# Price Changes: 458 (380, 419, 374)' E" r' }' {4 {) G! M# I
# Expired/Off Market Listings: 226 (208, 497, 174)( e. V: X- ~- |0 `% @
Net loss/gain in listings this week: 60 (85, -280, 39)
, f/ \2 }4 ]* SActive single family home listings: 3,305 (3,285, 3,195, 3,356)
" R' Z% Y' G" N% l. KActive condo listings: 2,412 (2,356, 2,325, 2,463)
/ `' t% r K, Y' OHomes 4-week running average: $428k ($429k, $430k, $434k)
+ A: Y- N, i" `7 yCondos 4-week running average: $249k ($249k, $251k, $257k)4 c) u3 ~: b5 k+ l B3 e* Q* d8 {
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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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