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.