Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

* W; J4 V- Q+ N: }3 u2 aWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
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% K! B. J! L1 O) t4 u4 |New listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
( z& D' b- j# j( YRatio: 28% (22%, 39%, 61%)
. s' Z, ~. ~3 U# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
; ]1 s: C$ y1 L# y' f  ^Active listings for single family homes: 2347 (2258, 2722, 2804)
" M. d9 P5 Y4 `, ?, U* SActive listings for condos: 1625 (1554, 1878, 1934)
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4 C9 R3 l3 O/ |; DLast 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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