Stop the presses!!! The stats we reported the other day are completely different than what has been released by the Realtor's Association of Edmonton in their monthly release. I'm not sure why, and I'll try and find out but I thought I'd get the correct info up as quickly as I could.
Saturday September 6 update: I goofed!!! Big time. "BAD" was correct and I reported the total sales the other day, as opposed to the residential sales, which is what I normally report. I am extremely sorry about the confusion - Sheldon and I are trying to tie up all the loose ends before we leave tomorrow for two weeks and in the midst of all the rushing around I made a mistake. Here are the correct charts (which are what I originally posted on Monday):
Again, I do apologize, this was just a mistake, not a conspiracy or anything else. I have gone back and double checked all the numbers for the past couple of years and they are correct.
Inventory dropped again this month - significantly this time - and we're finally below 10,000 listings for the first time since March.
Looking at this from a supply/demand perspective, you can see inventory has a long way to drop before we are likely to see significant price increases:
One last look at inventory:
I think next month I will save my full analysis until the board releases their monthly stats. The average price matched in both reports but sales and inventory were totally different. Thoughts?
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