Edmonton Real Estate Statistics- February 08, 2010
Well the market is not improving if you are a buyer, and good news if you’re a seller. As of this morning there are 1,523 single family homes for sale in Edmonton proper. In the last 30 days there was 460 single family dwellings sold. That would give us a listing to sales ratio of 3.31:1 which is lower than last week.
A ratio below 4:1 always indicates that there is an increase on upward pressure on the valuations of homes. This is the second week in a row that this ratio has been below the ration of 4:1 – as a matter of fact the ratio this week is even lower than last week.
This means you should expect valuations to rise. If you are a buyer it is time to “get off the fence” and start looking now before you have to pay more for the same home you want to buy.
Please call me if you have any questions about this, or anything else related to Real Estate – I would love to help you out. (780) 634-8151
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