Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

1 v, y6 Y9 B7 @' m1 V% `8 GWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

; G8 A2 L+ u8 s1 t& hNew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
- O; p, E. e5 X. K* v- Z! v# j# Price changes: 242 (156, 94, 75)
- l- r; o( r5 W+ v# Expired Listings: 215 (171,851, 184)
& O6 {2 Z, K) Y8 g" I# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
1 f/ R* B4 w3 u0 B8 f2 aNet 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)
3 U: m' Y) r3 }$ Q3 g6 o
! v1 i% @# }4 aLast 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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