Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

, ~# M7 N  c: O* e7 U( l2 gWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

& \$ b" d4 Q1 E8 XNew listings: 390 (380, 94, 107)
8 s* O0 y  M; k6 }5 O6 d# Sales: 111 (82, 37, 65)
2 C6 r2 h+ S" x. R$ n! uRatio: 28% (22%, 39%, 61%)
9 v0 k9 x( |  ?# Price changes: 242 (156, 94, 75)
; ]! H6 \) Q6 T& B# Expired Listings: 215 (171,851, 184)
, Q' b( {6 k" U  P6 L# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
1 P  e: M# y) M' W* D& z- u; H; `* k. pNet loss/gain in listings this week: 43 (116, -807, -159)
# d3 ?& v4 [, I2 |/ E+ NActive listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)
* ~# A0 C4 k$ {
1 @2 f% n3 k/ K2 c& a8 qLast 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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