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:
( a/ x, h2 |  |  y+ \0 s
New listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
4 V1 g0 [$ ~' A# V( p: U7 hRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
3 t& X4 ^- }! }) k+ C% v0 j% @# Expired Listings: 215 (171,851, 184)
. \" W. V: F# W1 W6 o7 v# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
5 O+ d3 T1 M* R+ g: L" P! eNet loss/gain in listings this week: 43 (116, -807, -159)
: z4 h! ?& S+ L! F, a- gActive listings for single family homes: 2347 (2258, 2722, 2804)
9 L& e$ E& ?2 y; w' ?Active listings for condos: 1625 (1554, 1878, 1934)
4 I" S& D/ h1 X* z
+ M$ N& b: |- ]( b$ w9 fLast 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