Weekly Update 2009.1.15

qwlimited

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:

/ U- s! \# X# B) d, q5 FNew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
" q/ M$ \* ^8 vRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
( F0 y* t% [8 [8 Z6 j& r# v# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
3 f0 _4 Y( f7 m" g/ b; j2 t( yNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
1 z2 K# l' Z1 z1 m  a4 N) h3 u8 r/ BActive listings for condos: 1625 (1554, 1878, 1934)
7 M4 c% u( a- v8 @2 h" u6 T
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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