Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update

0 R5 b3 v7 ^1 r, f' D- c8 q* C3 t- O+ zWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

- C6 _/ V7 R" INew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
# F  i: h% O: |9 Y/ J% m, c# Price changes: 242 (156, 94, 75)
! a" E6 y8 y. r6 M0 H4 ]# Expired Listings: 215 (171,851, 184)
; b  t+ X. {( @& E: T4 c# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
3 u+ N* H1 }; C* x* _Net loss/gain in listings this week: 43 (116, -807, -159)
7 A! Q" t4 z0 e8 w3 pActive listings for single family homes: 2347 (2258, 2722, 2804)
3 k: e0 e4 F: b3 M* m0 _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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