As of November 29th our residential listing inventory in the Edmonton area is sitting at 8515 single family and condos. Looking back over the last few months, it is definitely an encouraging sign. The inventory level at the end of August was 9185, September at 9918 (the peak), and October at 9577.
As for sales, as of November 29th we are sitting at 1055 sales. In October we were at 1276 solds, September we had 1042 and August was 1229.
Based on the sales and inventory level, we currently have a 7.5 month supply of inventory. This puts our market still leaning towards a buyers' market, although the trend is definitely moving towards a balanced market (ie 6 month supply).
Note: all stats are from the Edmonton Real Estate Board
No comments:
Post a Comment