Zolo's real estate market trends gives you a real-time look at the Mill Woods Town Centre housing market. If you're wondering about your neighbourhood's average house price, housing inventory, or how long a home stays on the market for, all this has now been broken down for you. This report's home price data examines sales history between November 23 - January 18 and includes percent changes from the same 56-day period in 2018. Along with all these real estate statistics is a ranking of every neighbourhood in the Edmonton area based on their home sold price, price growth, days on market, and turnover. This way, you get to see the Mill Woods Town Centre housing market on a larger scale, and how it measures against other neighbourhoods in the city. All this data is intended to give you a thorough understanding of both the local Mill Woods Town Centre and the Edmonton area, so that ultimately, you'll be able to make a well-informed decision about where you'd like to live. To see the difference between this neighbourhood and the city of Edmonton, take a look at Edmonton's trends page. In addition to our market report, consider referencing other MLS stats, like the MLS Home Price Index, to get a better view of the market.
Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.
A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.
Data is reported in 4 or 8 week periods.
28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.
Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."
