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As of today there was still 9,488 residential listings on the Edmonton Real Estate Board. However there were only 4,687 in Edmonton proper. In the last 30 days there were
891 sales. That is a significant increase over the last time checked the number of sales... maybe the buyers are coming back to the market finally.
With 4,687 lisings and 891 sales that gives us a listing to sales ratio of 5.26:1 This is the lowest I have seen it in some time and is getting closer to the ratio we need for a stable market and ease on the downward pressure on pricing.
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