Tribute
Real Estate Trends

Housing Market Report for September 2018

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Tribute Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Tribute Housing Inventory

Tribute vs. leduc

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For media inquiries contact [email protected]

About this Report

See a current snapshot of the housing market with with Zolo's Tribute real estate market trends. We've made real estate data like average house prices, housing inventory, and days on market easily accessible to you. The home price data we report is regularly refreshed, with the most recent coverage between July 28 - September 22. Also shown are percentages that represent the year-over-year change from the same period in 2017. These real estate statistics are paired with rankings of all neighbourhoods in the Leduc area based on home sold price, price growth, days on market, and turnover. This way, not only do you get an in-depth view of the Tribute housing market, but you also get to see how it compares to other neighbourhoods. This market report was designed to give you new insights on both the Tribute real estate market and the Leduc area so that you have a better sense of where you want to live. To see the difference between this neighbourhood and the city of Leduc, take a look at Leduc's trends page. Enhance your real estate research by pairing Zolo's market analysis 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.

What does pro-rated data mean?

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."