Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

) N. I* g, x4 e" N. ]; CWeeklyupdate_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)
, v: w0 z( I! U5 e# Sales: 111 (82, 37, 65)
4 y1 r1 J" T  RRatio: 28% (22%, 39%, 61%)
3 p% q* r- ]7 ^1 K, g6 F$ q0 t# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
/ w( O4 q0 O  v- b5 B# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
5 ]& E5 S1 u8 T2 f8 B; LNet loss/gain in listings this week: 43 (116, -807, -159)
. ~* D6 p3 {" g- i9 AActive listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)
; [6 ^: z" R8 r) b) K* c
. [# ]6 A4 ~5 X4 _6 hLast 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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