Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update
  ^- d& @2 r  W; S) u6 [) a1 B
Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
  f2 c* v9 _5 q+ b5 x
/ q2 l& ^: F5 W) s. _9 H7 NNew listings: 390 (380, 94, 107)
& Z" N2 S/ K! M$ r& m4 O$ f# Sales: 111 (82, 37, 65)
Ratio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
. T9 b  e( x5 [; m7 B7 T) t# 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# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)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)
Active listings for single family homes: 2347 (2258, 2722, 2804)
: \2 ]* h" K% `, ^. k2 |- dActive listings for condos: 1625 (1554, 1878, 1934)
( `8 z  {' d( w3 K4 |. ^- p
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