Edmonton Real Estate: Edmonton Real Estate Market Weekly Update

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The Edmonton real estate blog is published by Coldwell Banker Johnston real estate. The authors, Sara MacLennan and Sheldon Johnston are both licensed real estate associates in the province of Alberta. The opinions contained herein are those of the authors and are just that - their opinions. For legal information, consult a lawyer. For mortgage information consult a mortgage professional. For tax information consult an accountant. This information is not intended to solicit clients already under contract. For more information about us visit our website.

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November 06, 2009

Edmonton Real Estate Market Weekly Update

Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

Weeklyupdate_2 New listings: 306 (341, 370, 333)
# Sales: 225 (275, 261, 256)
Ratio: 74% (81%, 71%, 77%)
# Price changes: 221 (189, 212, 168)
# Expired/Off Market Listings: 324 (98, 135, 161)
Net loss/gain in listings this week: -243 (-32, -26, -84)
Active listings for single family homes: 1792 (1933, 1954, 1912)
Active listings for condos: 1485 (1576, 1560, 1562)

Inventory is continuing its seasonal drop - it's actually the lowest it's been in at least two years (that's how long I've been doing the weekly updates). Looking at the year as a whole you can see a general trend towards decreasing inventory and increasing sales:

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