Zolo's real estate market trends gives you a real-time look at the Oxford housing market. We've made real estate data like average house prices, housing inventory, and days on market readily available to you. Our home price data is continuously updated. This report covers sales history between December 23 - February 17 and compares it against the same period last year. 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, not only do you get a comprehensive glimpse of the Oxford housing market, but you also get to see how it compares to other neighbourhoods. All this data is intended to give you a thorough understanding of both the local Oxford and the Edmonton area, so that in the end, 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. Enhance your real estate research by combining Zolo's market report with other MLS stats, such as the MLS Home Price Index.
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."
