Comprehensive Market Statistics.

How to be your own Market Analyst.

Take the guesswork out of understanding the real estate market and have confidence in your investment. The following information is pulled from the most comprehensive and reliable source for market activity – the MLS® (Multiple Listing Service).

For a current explanation of the market from the Edmonton Real Estate Board please visit the Market Updates section. These news releases are compiled to help you understand the current trends.

However, if you want to get the hard facts (market statistics) the charts below provide the numbers you are looking for in a format that is quick and easy to digest. 

Number of Residential Sales in Edmonton
How are homes selling? Compare the monthly and yearly trends to see if the market is following a familiar path or heading in a new direction. If the deviation is extreme, it’s reasonable to expect a correction. Contact me to find out how this affects buyers and sellers.

Number of Active Listings in Edmonton
How is the supply and demand ratio? Compare this chart to the one above. This factor will ultimately determine if we are in a buyer’s or a seller’s market. Do the paths relatively follow the same trend between the two charts? If not, consider the reasons why and how that will effect your position.

Sales to Listing Ratio in Edmonton
This chart is an extension of the top two charts. The higher the percentage the stronger the market is for the seller (and vice versa). If the marker creeps above the 100% line (2006), more houses are being sold than listed. This type of situation has a profound effect on the average price of homes and can be a dangerous time to invest. Values below 40% represent a strong buyer’s market.

Average Days on Market in Edmonton
This is another key factor to be aware of, especially when listing your home for sale. This data can be a clear indication that (all things considered) your price is higher than average if your listing is up longer than the current average. If the trend is heading up and your listing is nearing the average days on market, it might be time to seriously consider dropping the list price — or risk having your home on the market longer and potentially decreasing in price even further.

Average Price
Another element that is important to monitor is the average price of the type of property you’re looking to buy or sell. Obviously these trends could influence your decision to sell or buy at a certain time, negotiate the sale of a home or determine the type of property to buy or invest in. Please visit the links below to learn more:
1. Average Price of Single Family Homes in Edmonton
2. Average Price of Condominium Homes in Edmonton
3. Average Price of Duplex/Rowhouse Homes in Edmonton

Disclaimer: All of the data contained on the above pages is accurate at the time it was produced. The data may vary from report to report and from month to month due to the change in status of the properties represented.
Source of Data: MLS®