Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update

: j; A# Q$ p1 V% @Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
- _9 _, |% n3 M* Z. I
New listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
$ n' F4 f6 J( r  ?9 Y: k' QRatio: 28% (22%, 39%, 61%)
; R8 s5 T; v7 H+ \8 i$ h" o$ h# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
. {# M% \) V& h' ]# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
3 N# t) ]0 J3 Z& qActive listings for condos: 1625 (1554, 1878, 1934)

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.

icing