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:
1 c- G* m7 V- O1 V' [5 w
New listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
4 ^# @3 x& e' v/ y7 ~, Q  \Ratio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
4 c% v2 h% i& s2 [. V, w# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
+ R2 y6 f7 s4 [- GNet loss/gain in listings this week: 43 (116, -807, -159)
+ N" `* _( G/ I6 T2 m- M3 Y5 ?1 x8 xActive listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)

6 S8 u  r/ W1 j2 {9 TLast 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.

icing