Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

$ e  R! C6 ^- o; Z/ vWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
4 x8 R" J4 K0 E1 @$ }! y3 E
# Z! J# G2 J# r/ fNew listings: 390 (380, 94, 107)
2 s  a$ x; A9 g* L# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
9 j7 f1 a, ~  \. I5 [5 u3 J# Expired Listings: 215 (171,851, 184)
0 G! x. o' q( v; n& p# d# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
7 @) w" M! f6 |$ ~0 [# qNet loss/gain in listings this week: 43 (116, -807, -159)
! L9 k# b7 V* uActive listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)

. x' ~8 @6 T) a/ I* [. _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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