Weekly Update 2009.1.15

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Edmonton Real Estate Market Weekly Update
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  q8 H- w( q. \5 ?2 EWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:

2 N( I2 L+ i, h! w* m8 l/ D4 i1 e: BNew listings: 390 (380, 94, 107)
# d* Y0 d3 b1 S% I) @* R) M# Sales: 111 (82, 37, 65)
9 [# \* b# _4 Q% gRatio: 28% (22%, 39%, 61%)
( s" |- @2 \) H# h/ o7 _3 `2 v/ ^# Price changes: 242 (156, 94, 75)
* S* S8 L0 u7 V4 M# Expired Listings: 215 (171,851, 184)
8 @' E3 N" L, J2 Q# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
9 a. U5 h9 [: ZNet loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
$ c# V0 r" B- Q& F2 \5 AActive listings for condos: 1625 (1554, 1878, 1934)

. s* c- h$ Q2 ?/ D0 NLast 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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