Edmonton Real Estate Statistics – December 07, 2009
Well it appears that the seasonal slow down in starting to hit us here in the Edmonton marketplace. The number of single family dwellings in Edmonton proper listed dropped significantly from last week from 1,762 to 1,649. That is a 6.4% drop in one week and that is very significant.
The number of sales also drop significantly in the last week from 545 to 494 in the past 30 days. That is a 9.4% drop in sales volume. Again the trend that is of concern to me is that the number of sales are dropping faster and by a greater amount then the number of listings.
What does that mean? Well it means that our listing/sales ratio his risen from 3.27:1 to 3.33:1, which means that I am concerned that valuations could drop if the trend continues.
