Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

* k! s+ V/ [/ I4 c) {. iWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
- S* b' R  @6 |' ?5 Z  z% g) t
New listings: 390 (380, 94, 107)
1 K; j3 j/ B# {5 z/ p; |' n  I( B# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
$ @  h: L2 [. w9 Z* u. B2 j7 T# Price changes: 242 (156, 94, 75)
6 }3 b: n/ h3 B& j7 ~/ L. B# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
. j: g* q7 n; c; C7 [: e% I: k* n: q" gNet loss/gain in listings this week: 43 (116, -807, -159)
6 L( z! ]" h# J. c1 zActive listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)

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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