Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update
/ t' E1 N( N+ W$ n
Weeklyupdate_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)
" P/ I' T2 N% j% N6 v3 m; }, [# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
& K* c* m% y# e" E! {. @# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
4 P" O* ]& u  X7 n) A6 lNet loss/gain in listings this week: 43 (116, -807, -159)
* _& Y% s: ~( g) ?2 eActive listings for single family homes: 2347 (2258, 2722, 2804)
# d- P7 E/ j- n" @0 FActive listings for condos: 1625 (1554, 1878, 1934)
2 S0 _* G# @7 I, I6 t: y9 ~
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