Edmonton Real Estate Statistics – March 15, 2010
Well as I expected to see the inventory level is starting to creep up as we get deeper into our spring marketplace. As of this morning there were 2,003 single family dwellings listed on MLS in Edmonton proper.
In the last 30 days there was 619 single family dwellings sold in Edmonton proper also an increase from last week’s totals. This however gives us a listing to sales ratio 3.24:1 which is an increase from last week’s ratio of 3.06:1.
This is not a trend that I am liking to see at the moment as that ratio get closer and closer to 4:1 then we wiil see the market become neutral. If the ratio goes over that number then we might even see valuations drop again.
With the new mortgage rules coming into effect on April 19, 2010, and the potential for an interest rate increase shortly that might negatively affect the market.
If you a buyer you will want to get approved and buy before the April 19, 2010 mortgage rule changes as it will reduce the amount of mortgage you will be able to get.
