Edmonton Real Estate Market Weekly Update, June 4 2010
Here is our update on the Edmonton real estate market. (Previous week's numbers are in brackets). For the past 7 days:
New listings: 594 (504, 610, 600)
# Sales: 245 (245, 303, 292)
Ratio: 41% (49%, 50%, 49%)
# Price changes: 412 (332, 396, 346)
# Expired/Off Market Listings: 302 (142, 149, 159)
Net loss/gain in listings this week: 47 (142, 158, 149)
Active listings for single family homes: 3083 (3045, 2972, 2879)
Active listings for condos: 2151 (2147, 2108, 2049)
More of the same, lots of listings and not many sales. Last year at this time the new listings to sales ratio was double what we have now. Clearly there is just less demand than we saw a year ago. Two years ago however, the ratio was about the same as it is today.
Perhaps with the improved weather forecast this weekend we'll see more buyers out looking at homes... or perhaps everyone will "relax" and enjoy the weather on their decks and at our beautiful city parks. Have a great weekend everyone!