Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update
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6 f3 O& N- X$ A( ^' tWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New listings: 390 (380, 94, 107)
+ e! ^) N( c- K7 [' m& i# Sales: 111 (82, 37, 65)
/ G" h' N5 }6 a1 v. r; VRatio: 28% (22%, 39%, 61%)
7 {0 K7 s" V; g& E  k) M# Price changes: 242 (156, 94, 75)
! I/ x; j( P$ d% D8 o, K# Expired Listings: 215 (171,851, 184)
8 t: I" X2 S+ j' z# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
/ G2 @! B) Y2 t. K( s! d+ hNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
- o4 z" \1 @5 v+ DActive listings for condos: 1625 (1554, 1878, 1934)

) x/ h0 Q% J7 \6 V8 G* ]  E& iLast 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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