Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

, Z2 @! Z8 E' O& q  |; f2 Y3 ZWeeklyupdate_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)
- ^4 y8 o" @" u& a$ f: J) ^# Sales: 111 (82, 37, 65)
+ @+ g( Y) e; n' \; c, a  @7 y4 c  SRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
% B8 E4 z0 c$ @- K, V# Expired Listings: 215 (171,851, 184)
( p+ Q6 B7 r7 Q' s/ ]1 a0 j; h& D# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
; Q7 X' \5 k8 y% L$ P& W& aNet loss/gain in listings this week: 43 (116, -807, -159)
5 v: r! s  f8 U) e- c, o# H" y& LActive listings for single family homes: 2347 (2258, 2722, 2804)
. v5 h" `$ ?$ ?+ i* K9 I! ]: b) qActive listings for condos: 1625 (1554, 1878, 1934)

  m: G  L! Q  Q5 a. h2 R8 HLast 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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