another drop in inventory

qwlimited

August 01, 2008
Weekly Update on the Edmonton Real Estate Market
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$ j; h3 o5 D6 x3 ~0 sWeeklyupdateHere is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New listings: 528 (476, 599, 617)
' T- ^/ d" B$ C/ r# Sales: 296 (286, 293, 254)
# g+ \7 n3 \9 c' J  |+ kRatio: 56% (60%, 49%, 41%)
. z+ Q9 Z2 R" f* a: }4 T) q# Price changes: 466 (480, 554, 511)
# Expired Listings: 608 (162, 270, 261)
# Canceled/withdrawn/terminated listings: 47 (63, 65, 55)
7 I- o2 _! C; B$ W1 BNet loss/gain in listings this week: -418 (-35, -29, 47)
) ~% y$ n0 t& H, {Active listings for single family homes: 4007 (4206, 4236, 4242)
Active listings for condos: 2708 (2914, 2910, 2901)
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. P) S' E) D9 u' {( T! D* e+ a' gI know we promised a big day for stats today, and it is still coming. There has been a slight delay getting the daily stats up for the last day of July in the board's database, but I have their assurance the numbers will be up shortly. We'll get that to you asap.

For now, we've got our weekly analysis. As is typical for the end of the month, there were a large number expiries, which accounted for another drop in inventory. The new listings to sales ratio remains higher than we've seen in previous weeks. Another interesting tid bit, there were a large number of condos that changed hands this week - 137 when the average for the last 5 months is 100. This is likely due to the number of people up looking for condos for their kids going to U of A this fall.

平安就好

好消息

青萝

好像是因为expired listing很多，所以才inventory减少的吧？sale/new listing ratio 没见增长。