Weekly Update 2009.1.15

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

: ?! \; q# b4 v( o% ONew listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
. R2 O* Q" q1 X( b" g( [Ratio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
1 r6 a0 z; d1 ?& x. x! r: f# Expired Listings: 215 (171,851, 184)
9 d8 g' Z" o) i, A$ w1 A: u# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
# P4 _5 M( v2 i0 H, gNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
7 v) a, ^) R1 [3 d: _; {Active listings for condos: 1625 (1554, 1878, 1934)
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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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