Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

0 q/ f: }( G; L, }/ c/ R6 DWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

) D. Y% D% c- ?2 D+ W8 r% K3 ENew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
2 A; D: b6 I8 c% P& P6 |) wRatio: 28% (22%, 39%, 61%)
* r0 g; G8 T; E0 I" m+ }9 w% [# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
- v9 S, q( U; e) ]" @7 Y6 L# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
% H+ a) D6 J. ^4 [  y9 D0 PNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
! L+ k5 k/ l& U& Q. f: M+ iActive listings for condos: 1625 (1554, 1878, 1934)

( s& _, V: L1 GLast 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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