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Edmonton Real Estate Market Weekly Update
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+ D, h5 z% I- j( p& l$ NWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:% c6 F* a# N, i" N# S& L- t
- ^& |! J+ A. _2 X+ ]9 g8 k. q, p7 xNew listings: 390 (380, 94, 107)
4 N% m+ H0 _* h0 }. j# Sales: 111 (82, 37, 65)6 i% X1 F7 y. s3 n& y' d: c2 A
Ratio: 28% (22%, 39%, 61%)
$ n; |* W3 }* o" P% a7 F# Price changes: 242 (156, 94, 75)% s2 E. q4 Q# m; ?7 S- a
# Expired Listings: 215 (171,851, 184); N" u0 N. H% ~6 @4 {* j8 b
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
! P1 ?4 [ P; w6 R3 w& |Net loss/gain in listings this week: 43 (116, -807, -159)6 R1 c* k7 C2 V, ?0 Z- Z
Active listings for single family homes: 2347 (2258, 2722, 2804)
9 w: o7 Y5 `- XActive listings for condos: 1625 (1554, 1878, 1934)2 @; U. Z1 R# f. O; W
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Last 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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