Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update
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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:

New listings: 390 (380, 94, 107)
/ e3 D0 c4 d; I: N# Sales: 111 (82, 37, 65)
: L: n! v# M8 N9 V& N# HRatio: 28% (22%, 39%, 61%)
4 I, a3 u, ~  P+ D# Price changes: 242 (156, 94, 75)
/ |2 `' B2 C  q1 k# Expired Listings: 215 (171,851, 184)
# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
: z6 c' S5 V, Q( C( R9 r+ G- TNet loss/gain in listings this week: 43 (116, -807, -159)
" n; q7 [) P# Q1 C9 m: O. ~Active listings for single family homes: 2347 (2258, 2722, 2804)
. c0 ]2 f- L- V; N! r3 R+ }- ^Active listings for condos: 1625 (1554, 1878, 1934)
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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.

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