Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update
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* c8 L+ u2 A* i: q, d0 xWeeklyupdate_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)
# Sales: 111 (82, 37, 65)
! ~, w3 i3 Y1 k, |7 |* G, URatio: 28% (22%, 39%, 61%)
+ h8 q, V& Y& @( b+ Q. g- e/ g' Z0 J# ~# Price changes: 242 (156, 94, 75)
6 |' c7 D" H# z' C# `; f* U# Expired Listings: 215 (171,851, 184)
7 y9 V' g7 p* F/ d3 ~! X1 J# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
. S: I$ \% _2 ^% KNet loss/gain in listings this week: 43 (116, -807, -159)
. h; w3 @* f" [1 ?8 t" F$ bActive listings for single family homes: 2347 (2258, 2722, 2804)
, v) t' k) }! N, G- b3 [* cActive listings for condos: 1625 (1554, 1878, 1934)
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. x2 q1 j0 t$ g) b/ OLast 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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