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)
# i' f7 Z% D, s! l! _Ratio: 28% (22%, 39%, 61%)
9 o. F- ?& V: A# Price changes: 242 (156, 94, 75)
% Z; ~8 c: D" r* |9 }# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
. \/ P: }1 g5 u( n% ^" E! P3 L2 B( z! wNet loss/gain in listings this week: 43 (116, -807, -159)
8 r+ N: Z6 b* a  JActive listings for single family homes: 2347 (2258, 2722, 2804)
5 z. h+ I0 t5 M6 PActive 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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