Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update

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)
# Sales: 111 (82, 37, 65)
3 H1 N4 k$ q7 g5 Z; y! K  yRatio: 28% (22%, 39%, 61%)
' M5 U# {5 y, f+ g7 \; r# Price changes: 242 (156, 94, 75)
* L0 O4 g) N% s% Q# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
2 n( }+ \) v0 tNet loss/gain in listings this week: 43 (116, -807, -159)
( Q/ t# J$ }* E( \% E+ @5 @Active listings for single family homes: 2347 (2258, 2722, 2804)
* I5 k$ k& c( k7 r  b7 l4 @4 AActive listings for condos: 1625 (1554, 1878, 1934)

3 G( i- S9 i) s$ |) qLast 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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