Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update

/ L7 A! W) C; Q7 k3 T7 ~Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
- |2 ~4 O3 ~1 Q2 v. W0 W2 S9 u
' {4 e3 M2 e4 z* J+ S' e  CNew listings: 390 (380, 94, 107)
2 D% g4 U7 o+ _6 t5 v1 K$ h, K# Sales: 111 (82, 37, 65)
# y0 V. y4 C3 e5 b8 cRatio: 28% (22%, 39%, 61%)
& T: s% _: f1 I5 [" O9 T- a: X# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
  e# O8 ?$ f3 L: [4 INet loss/gain in listings this week: 43 (116, -807, -159)
7 N" _2 [* h: g: qActive listings for single family homes: 2347 (2258, 2722, 2804)
; c7 R, t% t: C2 C9 l. A& RActive listings for condos: 1625 (1554, 1878, 1934)

  u9 ?4 D4 D  k$ @: 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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