Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update

1 }2 I& b: b+ t. G& k) ^Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

# U. Y8 u" P+ l- O  e( ?New listings: 390 (380, 94, 107)
: d* h, F1 C$ W" ~4 z0 z# Sales: 111 (82, 37, 65)
( C8 i( _: ]0 o! u* r' [Ratio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
! h! V: h8 x# R# e% X: I# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
( v4 j6 I) b$ S- K( JActive listings for single family homes: 2347 (2258, 2722, 2804)
4 G  ~: ]  K6 a' ?* L* j6 |/ xActive listings for condos: 1625 (1554, 1878, 1934)

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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