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 Q1 @3 L' s% R- M" C- B
/ z8 f4 z; @: O0 @/ l: ?0 Y5 E& E# gNew listings: 390 (380, 94, 107)
3 v" V; f: J; P3 e# Sales: 111 (82, 37, 65)
0 \( \3 y7 }3 `4 c9 w! m2 TRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
* Q7 o% j: n# ^- x# Expired Listings: 215 (171,851, 184)
! _1 q; n; Y$ I* x: V# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
- O1 H9 z" ]4 ~3 uActive listings for condos: 1625 (1554, 1878, 1934)
/ K2 E- X) M* c4 D% d" H; a
. S7 o4 R% K4 U' V4 K$ 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.

icing