Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update
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5 M- [5 k4 l) k  \& oWeeklyupdate_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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( V9 A! Z- [, K5 i, R) O/ F, x5 gNew listings: 390 (380, 94, 107)
4 |$ W' r4 h7 Q. d  r# Sales: 111 (82, 37, 65)
6 P+ Q% D( L1 z. S6 bRatio: 28% (22%, 39%, 61%)
, M! M$ {  O# J1 L1 F9 X# Price changes: 242 (156, 94, 75)
+ H7 z& |' W& \, j# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
( e3 R, k# c& x( \! L% L3 M& ^; `Active listings for single family homes: 2347 (2258, 2722, 2804)
8 N9 q7 H& ]+ `: e* K% j! A& N0 EActive listings for condos: 1625 (1554, 1878, 1934)

( @9 y# X9 r* s# gLast 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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