Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

$ j. \+ u. }9 f. V2 X) j, VNew listings: 390 (380, 94, 107)
( C7 e; y& P8 a6 @2 W0 [4 G2 {# Sales: 111 (82, 37, 65)
0 V$ S" x( o* ?8 h7 vRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
7 }' v) ~2 a# F5 Y7 c* Z" L! PNet loss/gain in listings this week: 43 (116, -807, -159)
' b! X6 W+ k6 j$ P5 eActive 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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