Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New listings: 390 (380, 94, 107)
  N- Z! z/ T2 a( D# Sales: 111 (82, 37, 65)
( j7 a2 P" f" C& x6 ?Ratio: 28% (22%, 39%, 61%)
9 [6 t2 e7 R# R( D/ }- Z6 x# Price changes: 242 (156, 94, 75)
2 T# S+ f" L7 f" [# Expired Listings: 215 (171,851, 184)
9 ?3 G/ n2 f/ o! H7 N; O+ Q# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
/ ~3 a+ e7 D8 v7 x& I& rNet loss/gain in listings this week: 43 (116, -807, -159)
2 k7 l+ I5 ^( N# ]Active listings for single family homes: 2347 (2258, 2722, 2804)
$ A5 \; s) f2 d: N4 V2 ~Active listings for condos: 1625 (1554, 1878, 1934)
! g; f6 v* G4 C& v. j
; Z5 O0 I, ^. v5 q# a/ dLast 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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