Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

- N5 p- n6 p4 q) `7 d5 _Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
/ P/ J" J# B* T1 e# G) ]
% w& i$ ^! ?* k( T! mNew listings: 390 (380, 94, 107)
/ E- \5 E8 Q; e- y$ r# f+ z# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
* U; E6 {0 f6 J/ L# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
9 q0 I5 a  S% W. s' u1 x. |Active listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)
6 l# {# e+ e7 k: U+ d& A
  }: U7 A6 p% T& ]" _% F  pLast year at this time the sales to new listings ratio was at 30%, so we're not far off last year. I was expecting to see more sales this week, simply because things seem busier out there (more showings, more offers etc). One thing that could be slowing things up a bit are conditions - it is harder to get a mortgage these days, so the condition dates are being written for a longer period of time. Sales are not reported until all conditions are removed so the start to the year could be slower because of longer condition periods.

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