Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

5 j" F7 L% \, l& MWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
. n0 Y, c4 g) t5 y  W
New listings: 390 (380, 94, 107)
: y; ]6 V! J& N0 q7 k; W  G  X# Sales: 111 (82, 37, 65)
% C4 Z) C0 C/ m+ aRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
0 k7 |2 X9 D- M! V& X$ W* a4 m; X# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
7 U% x& B1 o+ `2 A- Q. A" z( ?Net loss/gain in listings this week: 43 (116, -807, -159)
4 e# A: X; N4 R( L% e. l- MActive listings for single family homes: 2347 (2258, 2722, 2804)
& J) t8 e% H& Q1 C& B$ _& GActive 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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