Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update

3 U/ H2 @- w2 @3 ?: Y* Q1 C& R# E4 [Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
: Q0 G; O+ U$ K) J) t# @
+ V8 [$ t- O6 u5 w0 P" x2 Q% ]New listings: 390 (380, 94, 107)
+ I& H7 ^3 V; O6 [; w+ h, ^# Sales: 111 (82, 37, 65)
7 N0 q! O3 u0 GRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
, l5 E7 `9 v: Y; l# yActive listings for single family homes: 2347 (2258, 2722, 2804)
1 Q' j' f! @8 I8 @6 y- VActive listings for condos: 1625 (1554, 1878, 1934)

2 x* X" E' z  R4 x+ QLast 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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