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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! Z- D. o% ~% ^- A0 \/ SNew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
) a$ ]% `7 B& Z' H7 t: }( c' N$ yRatio: 28% (22%, 39%, 61%)
/ g8 m% ?" }9 }1 q5 y3 L# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
! c8 ?# ?0 O4 o$ Y8 H# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
" L1 Z( X+ Y( @  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)

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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