Currently there is 10,589 residential MLS listings on the Edmonton Real Estate Board which includes the surrounding areas. There are 5,407 residential MLS listings in the city of Edmonton proper which is down slightly since last week. In the last 30 days there has been 920 sales.
That means we have a listings to sales ratio of 5.88/1. That is an improvement over last week but still indicates that there is downward pressure on prices. But lets look at the bright side and look the ratio is improving and heading towards a balanced and neutral market.
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