Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update
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Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

; k2 U5 \/ h4 E$ \New listings: 390 (380, 94, 107)
+ C, b% M  Y" c0 n2 L& o# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
) O, l) X- U+ w4 {# Price changes: 242 (156, 94, 75)
' V5 m1 u) b9 w& p2 C, \# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
+ \5 U, z: Z) U7 ~' H' ]+ J% x2 PNet loss/gain in listings this week: 43 (116, -807, -159)
$ k4 E5 q* B5 M: M& K  LActive listings for single family homes: 2347 (2258, 2722, 2804)
: {; U) z6 e: H0 ^& U: ZActive listings for condos: 1625 (1554, 1878, 1934)

% p/ l# Z1 L7 N+ S: \0 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.

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