Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

, _. y8 s. H7 o9 rWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

New listings: 390 (380, 94, 107)
& ?, H7 W/ C9 k; @) H* J# Sales: 111 (82, 37, 65)
# `) q1 P* _% L/ YRatio: 28% (22%, 39%, 61%)
6 A8 j9 L/ r) b: L# Price changes: 242 (156, 94, 75)
, a8 ]6 ?8 _+ C2 }! Y& E# Expired Listings: 215 (171,851, 184)
; l. i4 O7 n, m6 v) F! y4 N" c  T6 ~! r# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
) i1 A4 `. q7 b9 x: H7 SNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
% P0 _# H/ K7 c: F6 vActive listings for condos: 1625 (1554, 1878, 1934)
% u# K% A3 u& x+ }" w
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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