Edmonton Real Estate Statistics – December 16, 2009
Well we may just have seen a reversal of the trend that we have been experiencing over the last few weeks where we saw the listings to sales ratio rise to a more neutral market.
As of this moring there are 1,500 single family dwellings in Edmonton proper listed on MLS. That is a significant drop from last week in which we had 1,649 homes listed on MLS.
Also as of this morning there were 568 sales of single family dwellings in Edmonton proper that were listed on MLS. That is an increas from last week’s number of 494.
This would give us a listing to sales ration of 2.64:1 down from last week’s ratio of 3.33:1. Last week’s ratio was indicating that we were arriving to a neutral and balanced market. But with this week’s number dropping to 2.64:1 that will put upward pressure on valuations.’
The next 4 weeks will be interesting to watch as historically is our slowest time of the year.
