Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update

; P. r  H- s" P9 U$ j8 s5 |5 qWeeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
5 j" q- y* s( Y& V
New listings: 390 (380, 94, 107)
# Sales: 111 (82, 37, 65)
, ~2 n/ u# u! T& E2 s. _6 LRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
* k3 y6 \+ n. M: Q7 \# 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# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)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)
. {; c* U, A# o* @% c. F  z% Z+ H- rActive listings for single family homes: 2347 (2258, 2722, 2804)
+ {9 u" r  ^6 ]1 O* |1 mActive listings for condos: 1625 (1554, 1878, 1934)
: C$ G7 l0 l6 V$ W: p+ g5 y
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.

icing