Weekly Update 2009.1.15

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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:
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# a) Z0 M8 b& n7 ?' }9 \New listings: 390 (380, 94, 107)
' a, l8 Y3 a7 Y* \% m# Sales: 111 (82, 37, 65)
0 v8 E- ?. T, p  a3 C# H* d- e* w3 jRatio: 28% (22%, 39%, 61%)
: W0 I  [2 r3 ^3 X8 @1 w# Price changes: 242 (156, 94, 75)
# Expired Listings: 215 (171,851, 184)
  l3 ]6 ~4 o: t/ a0 I7 i# Canceled/withdrawn/terminated listings: 21 (11, 13, 17)
' B  y( W: P/ t4 i5 N3 k% [7 L, V% ]: {Net loss/gain in listings this week: 43 (116, -807, -159)
Active listings for single family homes: 2347 (2258, 2722, 2804)
4 ~' }$ U- I! Y4 ^0 C( P2 M- qActive 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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