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Weekly Market Update, Sep. 16/165 \+ M% a% J- C; _
POSTED ON 16 SEP 16COMMENTS 15BY SHELDON JOHNSTON: H! y; }% K% K7 c' y
EDMONTON REAL ESTATE MARKET ● WEEKLY UPDATE5 K. B: A: Q" ~8 o& ]
Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:8 l1 i( r7 E: d( x
2 j4 \$ J* E! d" v7 S( f( h0 W8 ]: uNew Listings: 553 (513, 511, 468)) C$ ], b" g A i+ w
# Sales: 267 (220, 294, 255): O, b& u: K' m- p, m; j ]
Ratio: 48% (43%, 58%, 54%)& @/ l6 _2 Y. k3 \1 D. b+ R
# Price Changes: 458 (380, 419, 374)( u' T# ]% @5 j/ l
# Expired/Off Market Listings: 226 (208, 497, 174)4 G8 {6 S: a# ?: N
Net loss/gain in listings this week: 60 (85, -280, 39)! b0 V+ X" M {/ J8 \
Active single family home listings: 3,305 (3,285, 3,195, 3,356)7 d& ?+ [( ]/ N! v {4 C6 L
Active condo listings: 2,412 (2,356, 2,325, 2,463)
D: A: s( M* r) h) Y3 b2 KHomes 4-week running average: $428k ($429k, $430k, $434k)
' S- u; G" d* p# ACondos 4-week running average: $249k ($249k, $251k, $257k)
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Summer’s over, kids are back to school, schedules are in place… time to take care of that real estate listing. I think that at least partly explains the large number of price reductions and listings (many of which are probably expired listings that are now coming back on the market).. H7 [ d" @, \2 i$ F# h
8 u) g' M$ }& i4 o0 Hlistingsandsales
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