Weekly Update 2009.1.15

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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:
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% g! D& K- [' Y4 b" GNew listings: 390 (380, 94, 107)
, p! b2 {! q" a# Sales: 111 (82, 37, 65)
4 m0 G: Z0 Q2 N0 j# p$ l; A3 fRatio: 28% (22%, 39%, 61%)
7 Q9 p( W: {5 n# a# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
, A/ }  g4 T1 N) c" a; [# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
  }4 H' F; v* K+ v" c* D$ G6 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)
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$ D. }5 s; K% g  d8 RLast 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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