Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update
" J# j; s# m) M% q! T, y
. i+ l0 \, e. B- I0 m5 }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)
# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
7 N' j3 n2 R  R, }6 D$ b# Price changes: 242 (156, 94, 75)
* Y5 x( @8 R  y' W# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
5 o, g  `$ Q  j9 ~8 k3 i  _2 _# fNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
3 A4 I# R0 [3 x$ t3 V/ j( kActive listings for condos: 1625 (1554, 1878, 1934)
, i) U$ N  K' b+ i) J
Last 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.

icing