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Edmonton Real Estate Market Weekly Update# G( J0 r8 [: `* M) o( T
" u- p+ l" P& U* k+ E! Q' GWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:% B' e! J* A. j- \/ n/ Q
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New listings: 390 (380, 94, 107)
( O; k, J9 k. L( s4 p9 a( R M# Sales: 111 (82, 37, 65)
. P, t- \: A$ S; A( ~Ratio: 28% (22%, 39%, 61%)
1 ~$ W" I+ k" A# Price changes: 242 (156, 94, 75)
9 t; W4 p+ V( T: b9 W# Expired Listings: 215 (171,851, 184)% s# m. A) l$ E* w7 n9 J: {
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)# A" ?7 h* p! Q( {7 x3 R6 m( _
Net loss/gain in listings this week: 43 (116, -807, -159)
; N9 D& O2 }3 \. z& O" [Active listings for single family homes: 2347 (2258, 2722, 2804)
& S F' V9 E: r" P/ uActive listings for condos: 1625 (1554, 1878, 1934)! ]( x- F! R N7 b
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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. |
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