another drop in inventory

qwlimited

August 01, 2008
Weekly Update on the Edmonton Real Estate Market
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WeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
% }1 {4 Q! w( x$ V# Q/ O
: s5 m  j9 @  KNew listings: 528 (476, 599, 617)
# Sales: 296 (286, 293, 254)
Ratio: 56% (60%, 49%, 41%)
# Price changes: 466 (480, 554, 511)
: g0 H3 C6 }4 f2 Z/ Q* Q0 G; d# Expired Listings: 608 (162, 270, 261)
4 A1 l: m" }' ?. a& Q/ p" f* ^# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
* g8 L8 `4 {9 `4 g3 `& nNet loss/gain in listings this week: -418 (-35, -29, 47)
Active listings for single family homes: 4007 (4206, 4236, 4242)
( I" W/ |" J8 ?' ^/ ^6 yActive listings for condos: 2708 (2914, 2910, 2901)

I know we promised a big day for stats today, and it is still coming. There has been a slight delay getting the daily stats up for the last day of July in the board's database, but I have their assurance the numbers will be up shortly. We'll get that to you asap.
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For now, we've got our weekly analysis. As is typical for the end of the month, there were a large number expiries, which accounted for another drop in inventory. The new listings to sales ratio remains higher than we've seen in previous weeks. Another interesting tid bit, there were a large number of condos that changed hands this week - 137 when the average for the last 5 months is 100. This is likely due to the number of people up looking for condos for their kids going to U of A this fall.

平安就好

好消息

青萝

好像是因为expired listing很多，所以才inventory减少的吧？sale/new listing ratio 没见增长。