Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

+ K( x: D/ |' Z6 b) C, YWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

$ X! t2 V3 u, f" k' KNew listings: 390 (380, 94, 107)
) B$ U$ F0 N. F% P8 v# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
' z. }0 r' \6 b6 k# Expired Listings: 215 (171,851, 184)
: r9 f+ g& `% {. O  Q2 F6 U# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
! i; B' b3 d. XNet loss/gain in listings this week: 43 (116, -807, -159)
8 _3 F9 ^5 w5 y) n5 TActive listings for single family homes: 2347 (2258, 2722, 2804)
Active listings for condos: 1625 (1554, 1878, 1934)
( @7 c5 P) i6 v; m! ~. \- J$ q
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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