Weekly Update 2009.1.15

qwlimited

Edmonton Real Estate Market Weekly Update
* _. A1 s& d2 a: o
Weeklyupdate_2Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
$ U% o5 `3 s5 l& p4 ^: I
" F7 _: n  e0 d4 l, }  ]6 iNew listings: 390 (380, 94, 107)
9 G. ?1 [6 N$ X1 q8 k5 E8 }# Sales: 111 (82, 37, 65)
2 L' K1 U5 G5 z8 jRatio: 28% (22%, 39%, 61%)
# Price changes: 242 (156, 94, 75)
8 _! f8 r( o$ ^+ v. O  n8 C# Expired Listings: 215 (171,851, 184)
: \+ _- i" q! i# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
Net loss/gain in listings this week: 43 (116, -807, -159)
( y. X+ u; N8 ?, w, [5 hActive listings for single family homes: 2347 (2258, 2722, 2804)
0 _( k' F6 a/ X2 m; B! WActive listings for condos: 1625 (1554, 1878, 1934)
! p) ?- h9 B9 R0 x2 ?( U
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