Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update
4 G! ?. Z5 S% n) z# g( S: f
5 ~, E, R) X" @" O6 o4 t3 lWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
9 @+ t/ Q0 [* S3 m1 c
New listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
+ Q0 U7 Y7 Y9 e/ m1 zRatio: 28% (22%, 39%, 61%)
6 d4 I+ q$ G3 k9 N9 z8 ]' D2 V$ A# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
2 L+ T- Y. y) L$ R  ?2 v# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
) u9 O! Q" k. P3 u. ZNet loss/gain in listings this week: 43 (116, -807, -159)
" T# ~, I' P1 t) dActive listings for single family homes: 2347 (2258, 2722, 2804)
& @) Q- v" W( [; z( j; |Active listings for condos: 1625 (1554, 1878, 1934)

( G5 s1 I% @& S9 \: {/ o* 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.

icing