As we move deeper into November, the Edmonton real estate market has experienced some notable shifts. For buyers and sellers alike, these weekly statistics offer valuable insights into the current landscape and potential future trends.

Key Market Stats for the Week:

1. Sales Activity:

There were 436 unit sales this week, representing a 17% decrease compared to the previous week. This drop in sales could indicate a seasonal slowdown as we approach the winter months, a trend often observed this time of year as activity naturally tapers.

2. New Listings:

The number of new listings decreased by 10%, with 535 new properties hitting the market this week. This reduction aligns with the drop in sales activity, potentially reflecting a more cautious approach by sellers as winter sets in.

3. Average Price:

Despite the dip in sales and new listings, the average price rose by 7% this week to $459,000. This increase may reflect demand within certain price brackets or property types, particularly as buyers compete for limited inventory.

4. Median Price:

Similarly, the median price saw a 6% increase, reaching $425,000. This rise alongside the average price suggests robust market interest and competition in mid-priced homes, indicating a stable demand from buyers looking for well-priced properties.

Market Insights

The Edmonton market's shifts this week could signal the beginning of a traditional winter lull, where both buyers and sellers may adopt a more cautious approach. However, with prices trending upward, there remains active interest from buyers committed to finding the right property. This trend could indicate a tightening of supply, which often helps sustain or boost home prices as buyers compete for fewer options.

As the season progresses, sellers may want to keep an eye on these weekly shifts to strategically time their listings, while buyers may find opportunities as fewer competitors remain in the market.

Note: These statistics are sourced from the Realtors Association of Alberta.

The Edmonton real estate market saw a moderate shift in activity over the past week, with slight decreases across unit sales, new listings, and prices. As buyers and sellers adjust to the cooling market, these changes may provide unique opportunities for certain types of buyers or investors.

Key Statistics:

- Total Unit Sales: 523, down by 1% from the previous week.

- New Listings: 595, representing a 2% decrease from last week.

- Average Price: $430,000, down by 4% from last week’s average.

- Median Price: $400,000, reflecting a 6% decrease from last week.

Market Observations:

The dip in unit sales and new listings suggests that both buyers and sellers may be adopting a more cautious approach as the market shows signs of leveling off. The slight reduction in new listings could imply that some sellers are holding off on listing until market conditions stabilize or improve. Meanwhile, the drop in prices—both average and median—could open doors for first-time buyers or investors looking for deals as the year draws to a close.

A 4% decline in the average price and a 6% decline in the median price indicate potential value opportunities. Lower prices may be appealing for buyers who have been waiting for a break in pricing trends, allowing them to enter the market with less pressure from bidding wars. For sellers, however, it could mean a need for pricing strategies that emphasize value and appeal to serious, qualified buyers.

Looking Ahead

As the winter months approach, Edmonton’s real estate market may continue to see moderated activity. This seasonal trend often leads to fewer listings and slower sales, with many families holding off until spring to make significant real estate moves. However, for those who choose to stay active, the cooler months can offer less competition and more room to negotiate favorable terms.

For buyers seeking stability and sellers aiming for a quick, efficient sale, understanding and adapting to these trends is essential. Working with an experienced real estate professional can provide guidance on the best ways to navigate Edmonton’s shifting market.

These statistics are provided by the Realtors Association of Alberta.

As we near the end of October, Edmonton's real estate market shows both stability and signs of movement. Here’s a look at the latest trends based on sales, new listings, and pricing shifts in the past week.

Sales Volume Slightly Down

This week, Edmonton recorded 529 unit sales, which marks a slight 2% decrease from the previous week. While a minor dip in sales volume can be expected at this time of year, the market continues to display robust activity, reflecting steady interest from both buyers and sellers.

New Listings Drop

A total of 609 new listings were added to the market over the past week, representing a 6% decrease compared to the previous week. The gradual reduction in listings could signal a shift towards a more competitive environment as we move deeper into the fall season. Buyers may feel a greater sense of urgency as choices narrow, while sellers may find this a favorable time to list with reduced competition.

Price Increases Across the Board

Pricing saw a noticeable upswing this week. The average price for properties in Edmonton reached $446,000, a 5% increase from the previous week. The median price also saw an uptick, climbing to $425,000, up by 4%. These price hikes indicate sustained demand, which has supported stronger pricing even as the total number of transactions dipped slightly.

Summary

- Total Sales: 529 units, down 2% from last week

- New Listings: 609, down 6% from last week

- Average Price: $446,000, up 5% from last week

- Median Price: $425,000, up 4% from last week

As we monitor these numbers moving forward, it will be interesting to see if this trend of rising prices with reduced listings holds. Edmonton’s market remains dynamic, with evolving opportunities for both buyers and sellers alike.

All statistics are sourced from the Realtors Association of Alberta.

As we wrap up the week of October 23, 2024, the Edmonton real estate market continues to show steady activity, with some interesting changes in sales and pricing.

Sales Activity:

This week, 539 properties were sold across Edmonton, representing a 1% increase compared to the previous week. This uptick in sales demonstrates continued demand, even as we head into the later months of the year, traditionally a slower time for real estate.

New Listings:

There were 649 new listings added to the market, holding steady from the previous week with a 0% change. This stable flow of new inventory offers buyers a wide selection of homes to choose from, keeping the market balanced despite the small fluctuation in sales.

Average & Median Prices:

The average sale price for homes this week came in at $426,000, which reflects a 2% decrease compared to the prior week. Similarly, the median sale price remained at $410,000, with a 0% change. These small shifts in pricing may indicate sellers becoming more competitive or adjusting to current market conditions as buyer preferences evolve.

As we continue to monitor the Edmonton market, these metrics suggest a relatively balanced environment, with consistent sales and stable inventory levels. However, the slight drop in average prices might provide opportunities for buyers to negotiate more favorable deals in the coming weeks.

The statistics mentioned in this article are sourced from the Realtors Association of Alberta.

As we move further into October, Edmonton’s real estate market continues to show signs of adjustment. Here’s a quick breakdown of this week’s key figures:

Sales Activity

A total of 534 units were sold this past week, reflecting a 3% decrease compared to last week’s figures. While this decline may indicate a slight cooling off, it's worth noting that this level of activity is still relatively steady for this time of year.

New Listings

There were 649 new listings introduced to the market this week, which represents a 15% drop compared to the previous week. This reduction in new inventory could suggest that sellers are holding back, potentially waiting for more favorable market conditions or better pricing opportunities.

Average and Median Prices

- The average home price in Edmonton now sits at $435,000, marking a 5% decline from last week’s average.

- The median home price is currently $408,000, showing a 7% drop from last week.

These downward trends in pricing might be a response to the softer demand and a shifting balance in the market. Buyers could find this an opportune time to explore options, while sellers may need to adjust their strategies to stay competitive.

All statistics are provided by the Realtors Association of Alberta.

As we move further into the fall season, Edmonton's real estate market continues to showcase steady activity. For the week ending October 9, 2024, we saw a relatively balanced performance with slight upward trends in both listing volume and property prices. Here’s a breakdown of the key statistics from the past week:

- Unit Sales: 548 properties were sold, marking no change from the previous week. This indicates a sustained demand for housing, as buyers remain active despite the approaching cooler months.

- New Listings: 767 new properties hit the market, reflecting a 5% increase compared to the previous week. This rise in listings provides more options for potential buyers, contributing to a dynamic and competitive marketplace.

- Average Price: The average price of a home in Edmonton is now $457,000, showing a 3% increase from last week. This gradual rise in prices is a sign of healthy appreciation as the market maintains a strong footing.

- Median Price: The median price has climbed to $438,000, which is up by 5% from the previous week. The growing median price suggests that homes in the mid-range bracket are becoming more valuable, as buyer competition remains high.

With the fall market in full swing, both buyers and sellers are seeing continued opportunities. The increase in new listings offers fresh inventory, while steady sales and rising prices indicate a resilient market. Whether you’re looking to buy, sell, or simply keep an eye on the trends, Edmonton’s real estate sector remains active and full of potential.

Data provided by the Realtors Association of Alberta.

As we step into the final weeks of September, let’s take a closer look at the latest real estate statistics in Edmonton. This past week, the market has shown some interesting dynamics, reflecting a balanced landscape between buyers and sellers.

Unit Sales Remain Steady

For the week ending September 25, 2024, there were 571 unit sales across Edmonton. This figure remains consistent with the previous week, showing a 0% change. Despite the usual fluctuations we see throughout the year, the steadiness in sales is an encouraging sign for a stable market. Buyers and sellers seem to be finding common ground, and confidence in Edmonton’s housing market remains intact.

New Listings Experience a Decline

A notable shift this week is the drop in new listings. With 750 new properties hitting the market, we’re seeing a 10% decrease compared to the previous week. This reduction in new listings could mean less competition for current sellers, potentially creating more urgency among buyers to make quicker decisions. It’s also a signal that inventory may be tightening, which could have implications for price trends moving forward.

Prices on the Rise

The average price for properties in Edmonton this week climbed to $449,000, marking a 4% increase from the previous week. Meanwhile, the median price saw a smaller yet significant increase of 1%, reaching $420,000. These price hikes suggest growing demand amidst a declining supply of listings, a typical scenario that tends to push prices upward. For homeowners considering selling, this might be an opportune time to list, as the market conditions are trending favorably.

What Does This Mean for You?

For potential buyers, the steadiness in unit sales combined with increasing prices indicates that the market remains competitive. While fewer listings might make finding the perfect home a bit more challenging, staying informed and acting quickly when a property fits your needs can be key.

For sellers, fewer listings and rising prices can present an excellent opportunity to sell at a favorable price. If you’ve been contemplating putting your property on the market, these conditions could lead to quicker sales and more attractive offers.

As always, having a knowledgeable real estate professional by your side can make all the difference, whether you’re buying or selling in today’s evolving market.

Statistics provided by the Realtors Association of Alberta.