Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update
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Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

* Y4 l* T, u3 y3 QNew listings: 390 (380, 94, 107)
+ V! j+ w0 b+ q' S. c9 t3 y' W# Sales: 111 (82, 37, 65)
: n( f: ^% i) i9 T0 ERatio: 28% (22%, 39%, 61%)
# g  s7 P! O) M9 h; q; @5 T; h( y# Price changes: 242 (156, 94, 75)
5 @7 a4 l, c5 ~! V# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
# ~8 r6 ]* ?2 Z0 gNet loss/gain in listings this week: 43 (116, -807, -159)
+ T1 K5 D7 R. m! k% B- rActive listings for single family homes: 2347 (2258, 2722, 2804)
% l) z, L1 j' T7 q6 [1 ?Active 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.

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