Weekly Update 2009.1.15

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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:
1 D4 G: [6 m3 j% V# A
# D- C# ?6 b" w0 }/ d' BNew listings: 390 (380, 94, 107)
* x$ |! X# Q4 X& W3 S# M7 W+ Y# Sales: 111 (82, 37, 65)
1 C6 j. O$ Y6 fRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
4 d5 y# d2 [; Q$ E" @" h* w& x# Expired Listings: 215 (171,851, 184)
8 i7 h, |0 S( u) E# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
' J/ @) N/ q9 FNet loss/gain in listings this week: 43 (116, -807, -159)
. V7 q9 p7 s- z" W) f/ BActive listings for single family homes: 2347 (2258, 2722, 2804)
. T7 z( y& H8 T' |Active listings for condos: 1625 (1554, 1878, 1934)
& P* w; \6 I4 f* `7 x
& }$ ?/ q/ N( a) Y" wLast 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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