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Edmonton Real Estate Market Weekly Update: May 16 - May 22, 2015

Edmonton real estate market


  April 26 - May 1 May 2 - 8 May 16 - 22
New Listings 289 366 302
Average List Price 512,934 494,607 493619
Average Sale Price 438003 438432 455893
Average Sale Price/Sq Ft 284.79 289.59 287.09
Average Days on Market 42 39 36
Total Sales 234 200 206

*Note May 9 - 15, missing on record.


Edmonton Real Estate Market Update

New Listings for the third week of May was down to 302, that's -17.49% fall from the previous two weeks. Average List Price also went south this week, falling to $493,619 compared to its previous high of $512,934 last April 26-May 1 real estate market update.

Average Sale Price of Edmonton homes rose 3.98% to $455, 893. This puts significance in the assumption that home buyers are still willing to pay a premium. Average Sales Price/Sq Ft is currently pegged at $287.09, a miniscule price movement over the past three weeks.

Average Day on Market stands at 36 which can be taken as a sign of strong buyer appetite. If this trend continues, demand might soon overcome supply.

Total Sales this week racked 206. The stats suggest that the market is currently adjusting to the economic condition in the country. Home buyers are still bullish as seen on the Average Day on Market stat but they are now a bit more cautious.

Still, home sellers can expect a strong real estate market all through out the summer.

 To view the latest homes for sale in Edmonton, visit our new Edmonton MLS listings page.

View last week's Market Update here.


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