Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

) G4 X4 Z& O0 f# B# Y8 oWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

  `. a6 b: C, w, VNew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
  z3 j/ b0 L5 q" I7 DRatio: 28% (22%, 39%, 61%)
% G' K1 u& l7 H7 _9 @+ i4 l# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
% q. B7 M% L; @! a# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
! s! o- B1 [6 oActive listings for single family homes: 2347 (2258, 2722, 2804)
, G3 h; H3 _9 NActive listings for condos: 1625 (1554, 1878, 1934)
$ j* O* w! u+ z+ E- B
2 m% |& @; I) _$ e4 s; nLast 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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