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:
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New listings: 390 (380, 94, 107)
' k1 u+ D/ P8 e3 o6 H# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
4 I+ f, i1 p( g5 {* L  U* e# Price changes: 242 (156, 94, 75)
9 g/ k1 g' D3 q1 Y( E) \# U. C# Expired Listings: 215 (171,851, 184)
3 @  v9 @' x! ^4 d  ^2 s$ p0 r1 x3 [# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
- s1 e! a/ g0 U1 k7 x* o. x, ~+ hNet loss/gain in listings this week: 43 (116, -807, -159)
  m0 M8 d* |  _- dActive listings for single family homes: 2347 (2258, 2722, 2804)
5 O* O% Y' @( U4 f* ~1 RActive listings for condos: 1625 (1554, 1878, 1934)
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2 n* F" E6 Z1 w' MLast 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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