Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update

Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
( Q$ I5 L* ]4 i; q0 Y
$ b# C: j/ D  Z4 ]+ ANew listings: 390 (380, 94, 107)
7 W1 `: Q( @1 O! a" G: K; z# Sales: 111 (82, 37, 65)
7 E* e) G' S3 z5 ?2 ~Ratio: 28% (22%, 39%, 61%)
$ r4 E$ D. Y8 B) J5 g# Price changes: 242 (156, 94, 75)
% f; V  E4 ~& e7 x& |2 i# Expired Listings: 215 (171,851, 184)
/ G% z( L4 u  n# |0 |# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
2 J( Z# x# l9 q4 y- ?6 s2 r, d2 F2 VNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
' A2 i# j( b$ s& }/ DActive listings for condos: 1625 (1554, 1878, 1934)

4 x& b0 \' o& y( P4 ~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.

icing