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.

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.*

The Edmonton real estate market showed a mix of trends in the week ending June 26, 2024. Here’s a detailed look at the key statistics and what they mean for buyers, sellers, and investors.

Sales and Listings

This past week, Edmonton saw a total of 721 unit sales, reflecting a slight decrease of 1% compared to the previous week. This modest decline suggests a stable market with minor fluctuations in buyer activity.

On the other hand, new listings experienced a more significant drop. There were 837 new listings, which is 11% fewer than the week prior. This reduction in new listings could indicate a tightening market, potentially leading to increased competition among buyers for available properties.

Prices

Despite the mixed activity in sales and listings, property prices in Edmonton showed positive and negative movements. The average price of homes rose to $448,000, a 1% increase from the previous week. This uptick in the average price suggests a resilient market with steady demand for higher-priced properties.

In contrast, the median price saw a decline, dropping by 3% to $414,000. The decrease in the median price might indicate that more lower-priced homes were sold this week, balancing out the overall market trend.

Market Insights

The combination of fewer new listings and stable sales suggests a balanced market where demand is meeting supply relatively well. The slight increase in the average price indicates that higher-end properties are still in demand, while the drop in the median price could signal opportunities for buyers looking for more affordable options.

For sellers, the current market conditions suggest that while there is healthy demand, pricing your property competitively will be crucial, especially with fewer new listings drawing buyer interest. For buyers, the decrease in new listings means acting quickly and decisively when a desirable property becomes available.

As we move into the summer months, it will be interesting to see how these trends evolve and whether the Edmonton real estate market continues to show resilience and adaptability.

The statistics presented in this blog post are sourced from the Realtors Association of Alberta.

As we step into the warmer months, the Edmonton real estate market continues to show signs of vibrancy and resilience. The latest statistics for the week ending June 19, 2024, reflect a healthy demand and a steady increase in property values. Here’s a detailed look at the numbers:

Unit Sales

This week saw a total of 727 units sold, marking a modest but positive increase of 1% from the previous week. This uptick suggests that buyers are actively engaging with the market, possibly driven by favorable mortgage rates and a general optimism in the economic outlook.

New Listings

On the supply side, the number of new listings has seen a notable decrease. There were 942 new listings this week, which is down by 7% compared to last week. This reduction in new listings could be attributed to a variety of factors, including sellers holding back in anticipation of further price increases or a seasonal lull as summer begins.

Price Trends

The average price of homes in Edmonton has risen to $443,000, reflecting a 2% increase from last week. Similarly, the median price has climbed to $427,000, also up by 2% from the previous week. These price increases indicate a competitive market where demand slightly outpaces supply, pushing prices upwards.

Market Insights

The current market dynamics suggest that Edmonton remains a seller’s market, albeit with some underlying caution. The increase in sales alongside a decrease in new listings puts pressure on the available inventory, which, in turn, supports price growth. Buyers need to be prepared for a competitive environment, while sellers might find it an opportune moment to list their properties to capitalize on the rising prices.

Looking Ahead

As we move further into the summer, it will be interesting to see if the trend of increasing prices and stable sales continues. Factors such as interest rates, economic policies, and broader economic health will undoubtedly play significant roles in shaping the market.

For now, the Edmonton real estate market appears to be on a steady path, with both buyers and sellers finding opportunities to achieve their goals.

*Statistics and data for this report are sourced from the Realtors Association of Alberta.*

Welcome to this week's real estate market update for Edmonton! As we close the week ending May 29, 2024, the Edmonton real estate market continues to show robust activity and steady growth. Here’s a detailed look at the latest statistics and trends.

Unit Sales Surge

This week, Edmonton saw a total of 722 unit sales. This figure represents an impressive 8% increase compared to last week. The rise in unit sales suggests a strong demand for properties in the Edmonton area, as buyers continue to actively seek out homes despite the slightly rising prices.

New Listings on the Rise

Accompanying the surge in unit sales, there were 968 new listings added to the market this week. This is a 10% increase from the previous week, indicating a healthy inflow of properties available for sale. The increase in listings provides more options for potential buyers and contributes to a dynamic and competitive market environment.

Price Trends

Average Price

The average price of homes in Edmonton climbed to $465,000 this week, marking a 4% increase from last week. This steady rise in the average price reflects the ongoing demand and willingness of buyers to invest in Edmonton's real estate market. Higher average prices can also signal a shift towards the sale of more premium properties.

Median Price

The median price of homes also saw a modest uptick, reaching $435,000. This is a 1% increase from the previous week. The median price provides a useful perspective on the market's central tendency, suggesting that while high-end sales are pushing the average price up, the overall market remains accessible for a broad range of buyers.

Market Insights

The consistent increase in unit sales, new listings, and prices indicates a vibrant and competitive real estate market in Edmonton. The growth in new listings is particularly encouraging, as it suggests that sellers are confident in the market's ability to absorb new inventory, and buyers are actively engaging despite rising prices.

For buyers, the increasing number of listings provides a wider selection to choose from, potentially enhancing their ability to find the ideal property. For sellers, the upward trend in prices presents a favorable environment to list their properties, potentially achieving significant returns on their investments.

Looking Ahead

As we move into the summer months, traditionally a busy period for real estate, it's expected that the Edmonton market will maintain its momentum. Buyers and sellers alike should stay informed about market trends and be prepared to act swiftly to capitalize on opportunities.

Stay tuned for next week's update to keep your finger on the pulse of Edmonton's real estate market. Whether you're buying, selling, or simply keeping an eye on the market, understanding these trends is crucial to making informed decisions. Happy house hunting!

These statistics are sourced from the Realtors Association of Alberta, ensuring that our analysis is based on reliable and up-to-date information.

As we navigate through the dynamic landscape of real estate in Edmonton, staying informed about the latest market trends is crucial for buyers, sellers, and industry professionals alike. This week's real estate statistics for Edmonton, ending May 15, 2024, shed light on the ongoing trends and shifts in the local housing market.

Unit Sales

The week saw a total of 711 unit sales in Edmonton, marking a slight decrease of 2% compared to the previous week. While this indicates a minor dip in transaction volume, it's essential to monitor any fluctuations to understand broader market sentiment.

New Listings

There were 999 new listings entering the market during the same period, showing a decrease of 4% from the previous week. A lower number of new listings could suggest various factors at play, such as seasonal variations, seller confidence, or inventory levels.

Average Price

The average price of homes in Edmonton rose by 1% from the previous week, reaching $434,000. This uptick reflects ongoing demand and potential shifts in property values within the region.

Median Price

Similarly, the median price for homes in Edmonton experienced a 2% increase from the previous week, settling at $420,000. This metric provides insight into the middle value of homes sold, offering a more balanced perspective on pricing trends.

While slight fluctuations in metrics like unit sales and new listings are normal in any real estate market, it's essential to consider broader economic factors, seasonal influences, and local dynamics when interpreting these statistics.

The modest decrease in unit sales and new listings could indicate a stabilization or adjustment phase in the market, where buyers and sellers are recalibrating their strategies. Despite this, the uptick in both average and median prices suggests ongoing demand and potential appreciation in property values.

The real estate statistics for Edmonton ending the week of May 15, 2024, provide valuable insights into the current state of the market. While there have been slight fluctuations in unit sales and new listings, the overall trajectory points towards a resilient market with steady price growth.

Whether you're a prospective buyer, seller, or industry professional, staying informed about these trends can help you make informed decisions in the dynamic world of real estate.

Please note that these statistics are sourced from the Realtors Association of Alberta.

In the ever-dynamic world of real estate, staying updated with the latest statistics is essential for both buyers and sellers. As we delve into the weekly statistics for Edmonton ending the week of May 8, 2024, it's evident that the market continues to showcase intriguing shifts and patterns.

Let's break down the numbers:

Unit Sales:
With 726 unit sales recorded, there's a notable consistency as this figure remains unchanged from the previous week. This steady performance suggests a stable demand for properties within the Edmonton market.

New Listings:
A significant uptick is observed in new listings, with 1045 properties hitting the market. This surge represents a 14% increase compared to the previous week, signaling a potential expansion in available options for prospective buyers.

Average Price:
The average price for properties in Edmonton stands at $430,000, marking a slight decrease of 3% from the preceding week. While this decline might raise eyebrows, it could also present an opportune moment for savvy buyers seeking favorable deals.

Median Price:
Similarly, the median price registers a modest downturn, settling at $412,000, which reflects a 2% decrease from the previous week. Despite this slight dip, the median price remains within a relatively stable range, suggesting resilience in the market amidst fluctuations.

In conclusion, while certain metrics exhibit minor fluctuations, Edmonton's real estate market maintains a sense of equilibrium, presenting opportunities for both buyers and sellers alike. As we navigate through these weekly statistics, it's crucial to remain vigilant and adaptable to capitalize on emerging trends and seize advantageous opportunities.

Whether you're a seasoned investor or a first-time homebuyer, staying informed about market trends is key to making sound decisions in the realm of real estate. Stay tuned for more updates as we continue to monitor Edmonton's dynamic property market.

These statistics, sourced from the Realtors Association of Alberta, provide valuable insights into the current dynamics of Edmonton's real estate landscape. They serve as essential indicators for understanding market trends, guiding both buyers and sellers in making informed decisions.

As we step into the first week of May, the real estate landscape in Edmonton continues to show signs of resilience and growth. Let's delve into the latest statistics to gain insight into the dynamics shaping the market.

Unit Sales Surge

The week ending May 1, 2024, saw a total of 728 unit sales in Edmonton, marking a notable 6% increase from the previous week. This uptick in sales activity reflects the ongoing demand for properties in the region, as buyers remain eager to secure their dream homes in Edmonton's diverse neighborhoods.

New Listings Maintain Momentum

With 916 new listings hitting the market, there's a 1% increase compared to the previous week. This steady influx of new properties offers prospective buyers a wider array of options to explore, catering to diverse preferences and requirements.

Price Trends

One of the most significant indicators of market vitality is the pricing trends. In the week ending May 1, 2024, the average price of properties in Edmonton surged by 6%, reaching $442,000. Similarly, the median price witnessed a notable 4% increase, settling at $422,000. These upward movements in prices underscore the robust demand and the enduring appeal of Edmonton's real estate market.

Insights and Analysis

The consistent rise in unit sales, coupled with an influx of new listings, paints a picture of a market that is both active and dynamic. Factors such as favorable mortgage rates, strong consumer confidence, and the city's amenities continue to drive buyer interest. Additionally, Edmonton's diverse economy and employment opportunities contribute to its attractiveness as a real estate destination.

Looking Ahead

As we navigate through the spring season, it will be intriguing to observe how market dynamics evolve in the coming weeks. While challenges and uncertainties may arise, Edmonton's real estate market has demonstrated resilience and adaptability time and again.

In conclusion, the week ending May 1, 2024, showcased a thriving real estate market in Edmonton, characterized by increased unit sales, a steady flow of new listings, and upward price movements. For buyers and sellers alike, staying informed about these trends is essential for making well-informed decisions in this dynamic market.

These statistics are derived from the Realtors Association of Alberta, providing reliable insights into the local real estate landscape.

As the real estate market in Edmonton continues to evolve, staying informed about the latest trends and statistics becomes increasingly crucial for buyers, sellers, and industry professionals alike. Let's delve into the key numbers from the week ending April 10, 2024, provided by the Realtors Association of Alberta.

1. Unit Sales:

During this week, there were 668 unit sales in Edmonton, marking a notable increase of 20% compared to the previous week. This surge in activity indicates a potential uptick in buyer confidence and market momentum.

2. New Listings:

Edmonton witnessed a substantial influx of new listings, with a total of 1021 properties hitting the market. This represents a significant rise of 39% from the preceding week, suggesting a renewed interest among sellers in capitalizing on current market conditions.

3. Average Price:

The average price of properties in Edmonton saw a modest uptick, reaching $423,000 for the week ending April 10, 2024. This reflects a 2% increase from the previous week, indicating a steady appreciation in property values within the region.

4. Median Price:

Similarly, the median price experienced a noteworthy increase, climbing to $420,000, which is 4% higher than the median price recorded in the prior week. This upward trend in median price further underscores the resilience and attractiveness of the Edmonton real estate market.

Implications and Insights:

The surge in unit sales and new listings, coupled with the incremental growth in both average and median prices, paints a dynamic picture of Edmonton's real estate landscape. Buyers may find themselves navigating a market with increased options but also heightened competition, while sellers may benefit from the favorable conditions driving property values upward.

As we move forward, it's essential for all stakeholders to stay attuned to these evolving trends and leverage them to make informed decisions in their respective real estate endeavors.

*Please note that the statistics mentioned above are sourced from the Realtors Association of Alberta.*

Whether you're a prospective buyer, seller, or industry professional, understanding the nuances of the local real estate market can be invaluable in achieving your goals. Stay informed, stay proactive, and navigate the Edmonton real estate landscape with confidence.

As the real estate market in Edmonton continues to evolve, it's crucial for both buyers and sellers to stay informed about the latest trends and statistics. This week's data, ending March 27, 2024, offers valuable insights into the dynamics shaping the local real estate landscape.

Unit Sales

The week saw a total of 622 unit sales, marking a 5% increase from the previous week. This uptick in sales activity suggests ongoing interest and movement within the market.

New Listings

Despite the rise in unit sales, there were 825 new listings, reflecting a 10% decrease compared to the previous week. While this decrease may indicate a tightening of inventory, it could also signal a seasonal fluctuation or other market dynamics at play.

Average Price

The average price for properties in Edmonton stood at $410,000, experiencing a 6% decrease from the previous week. This decline in average price may pique the interest of potential buyers seeking more favorable pricing conditions.

Median Price

Similarly, the median price for properties in Edmonton was $395,000, showing a 5% decrease from the previous week. The median price provides a valuable measure, indicating the middle point of all sales, and its decline aligns with the trend observed in the average price.

The increase in unit sales amidst a decrease in new listings suggests a dynamic market where demand may be outpacing supply. Such conditions can potentially lead to increased competition among buyers and may influence pricing dynamics.

The decline in both average and median prices, albeit slight, could be attributed to various factors such as seasonal fluctuations, changes in buyer preferences, or adjustments in the market's supply-demand dynamics. It's essential for stakeholders to monitor these trends closely to make informed decisions regarding buying or selling properties in Edmonton.

As the real estate market in Edmonton continues to evolve, staying informed about weekly statistics and trends is paramount for anyone considering buying or selling property. The data presented for the week ending March 27, 2024, offers valuable insights into the market's dynamics, highlighting trends in unit sales, new listings, and pricing. By leveraging this information, stakeholders can navigate the market with confidence, aided by a deeper understanding of its current state and trajectory.

The statistics mentioned above are sourced from the Realtors Association of Alberta (RAA), a reputable organization providing comprehensive data and insights into the real estate market. The RAA plays a crucial role in aggregating and disseminating information that aids both industry professionals and consumers in understanding market trends and making informed decisions

As we delve into the latest statistics from the Edmonton real estate market, it's evident that the dynamics are continuing to evolve. With each passing week, trends emerge, offering valuable insights into the pulse of the local housing sector. For the week ending March 20, 2024, the numbers paint an intriguing picture of activity and growth.

Unit Sales and New Listings

Let's start with unit sales. During this period, there were 593 unit sales in Edmonton. While this figure reflects a healthy level of activity, it's worth noting that it represents a 1% decrease from the previous week. Despite this slight dip, the market remains robust, demonstrating ongoing demand from buyers.

In tandem with unit sales, the number of new listings also experienced a noteworthy shift. With 915 new listings hitting the market, there's been an 8% increase compared to the previous week. This surge in new listings suggests that sellers are feeling more confident about entering the market, potentially widening options for prospective buyers.

Price Trends

One of the most closely watched indicators in real estate is price movement. In Edmonton, the average price for properties saw a significant uptick, reaching $437,000. This marks a notable 7% increase from the preceding week, indicating strong upward momentum in terms of property values.

Furthermore, the median price also experienced a notable rise. At $415,000, the median price reflects a 5% increase from the previous week. This suggests that across various segments of the market, there's a consistent trend of appreciation, which may be influenced by factors such as demand-supply dynamics and overall market sentiment.

Insights and Implications

These statistics offer valuable insights for both buyers and sellers in the Edmonton real estate market. For buyers, the slight decrease in unit sales could signal a potential easing of competition, providing opportunities to explore properties with less pressure. Conversely, sellers may find encouragement in the uptick of new listings and the upward trajectory of prices, indicating favorable conditions for listing their properties.

As with any market analysis, it's essential to consider broader economic factors, local trends, and individual circumstances when making real estate decisions. Whether you're buying, selling, or simply monitoring the market, staying informed about the latest statistics can guide you in navigating the complexities of the real estate landscape.

These statistics have been compiled from data provided by the Realtors Association of Alberta, offering a reliable snapshot of the Edmonton real estate market for the week ending March 20, 2024.

In conclusion, while the real estate landscape continues to evolve, these latest statistics underscore the resilience and dynamism of the Edmonton market. With shifting trends and opportunities emerging, both buyers and sellers have much to consider as they navigate the path ahead.