Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

' @6 Z) x9 w* j* G0 _( z5 eWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
* D7 s4 N6 T" e  O! p. C. _
New listings: 390 (380, 94, 107)
" O' Z# A9 g+ E# Sales: 111 (82, 37, 65)
+ U/ c, p3 r4 ~! U0 cRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
5 b% y* r& g; G" T- J: |# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
; K: |3 M5 f1 N2 |Net loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
6 x) U# h! s* Q# U, ~# J) kActive 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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