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:
7 L2 W8 c  U- U% a
$ h  P0 h# S& lNew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
9 O2 q- [0 X* F. I( i8 G2 k3 U# Price changes: 242 (156, 94, 75)
$ k  U5 I' g3 z+ Q- O# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
6 u3 K6 r+ W2 }- ~1 {0 UNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)

* x" v0 v- x, C) w! K3 BLast 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