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Edmonton Real Estate Market Weekly Update+ s) k+ t' V$ }# D& z+ q# U
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Weeklyupdate_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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New listings: 390 (380, 94, 107)3 V2 o8 D; I' u4 s: s5 M2 c
# Sales: 111 (82, 37, 65)' P) c7 |2 j% W7 M2 D' {
Ratio: 28% (22%, 39%, 61%)4 Q' q' n/ H- E4 q8 u
# Price changes: 242 (156, 94, 75)' \$ e* U# @6 K+ F! q( H
# Expired Listings: 215 (171,851, 184)) f* Z0 S1 q" h) Q4 K) ?; C
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
% K& s8 U' M# W* I7 HNet loss/gain in listings this week: 43 (116, -807, -159)$ t3 C4 Q2 Q# p: l" A' E3 Y2 f
Active listings for single family homes: 2347 (2258, 2722, 2804)
2 a4 d0 `3 Q' d1 f( M# DActive listings for condos: 1625 (1554, 1878, 1934)" }3 |! n3 S% [# \& j
, z! O% U, a+ ALast 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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