As the summer season progresses, the Edmonton real estate market has seen some interesting shifts over the past week. Here's a detailed look at the latest statistics:
Unit Sales
This week, Edmonton recorded a total of 662 unit sales. This represents a slight decrease of 1% from the previous week. While the market has seen a small dip, the overall sales numbers remain robust, reflecting steady interest from buyers.
New Listings
There were 858 new listings this week, marking a 7% decrease compared to last week. The drop in new listings might suggest a slight tightening in the market, potentially leading to increased competition among buyers for available properties.
Average Price
The average price of homes in Edmonton this week remains steady at $438,000, unchanged from the previous week. This stability in pricing indicates that, despite fluctuations in sales and listings, the market is holding its ground in terms of value.
Median Price
The median price of homes has seen a slight decline of 1% from last week, now standing at $408,000. This minor drop might be a reflection of the broader range of properties being sold, including more mid-range and affordable homes.
Market Insights
The Edmonton real estate market continues to be dynamic, with slight fluctuations in sales and listings. The stable average price and slight dip in median price suggest that while there is some variability in the market, overall property values are maintaining their levels. For buyers and sellers alike, staying informed about these trends can be crucial for making the right decisions in a competitive market.
*These statistics are sourced from the Realtors Association of Alberta.*
