As summer continues, the Edmonton real estate market is showing some intriguing trends. Here's a snapshot of the latest statistics:
Unit Sales
This week saw 662 unit sales, representing a modest 1% decline from last week. While a slight dip, this number still indicates a healthy level of activity in the market. Buyers are out there, exploring options and closing deals.
New Listings
New listings totaled 858, a 7% decrease from the previous week. This drop suggests that sellers may be taking a pause, perhaps waiting for the right moment to list their properties. It also hints at a potential tightening of inventory, which could influence future market dynamics.
Average Price
The average price of homes in Edmonton remained steady at $438,000, unchanged from last week. This stability is a positive sign, reflecting a balanced market where neither buyers nor sellers have a distinct advantage.
Median Price
The median price dipped slightly by 1% to $408,000. This small decrease might indicate a shift towards more mid-range properties being sold, or minor adjustments in buyer preferences.
In summary, while there are some slight decreases in sales and new listings, the overall market remains stable. Both buyers and sellers continue to engage actively, making it an interesting time for anyone involved in Edmonton real estate.
These statistics are sourced from the Realtors Association of Alberta.
