Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

9 [% ]7 X4 \: d% t% ~$ e1 hWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
6 R  {% _6 d9 m; a5 K: [6 [
% ~& X! E0 W7 ]( G2 B7 S3 BNew listings: 390 (380, 94, 107)
: t6 E- k% I- T6 b' v9 L- R# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
% m( y  \+ \5 k! p) h4 |( C# y# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
" ]# c4 |1 a4 z5 Y! J9 m. g( \Net loss/gain in listings this week: 43 (116, -807, -159)
! g" J6 Z% D2 p1 X9 BActive listings for single family homes: 2347 (2258, 2722, 2804)
) o. p( b) F8 A8 ~- F  [" x+ yActive 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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