Happy New Year!!! & Current Edmonton Real Estate Statistics – Jan 06, 2008
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Well we are off to a new year with all hopes and expectations of a great year.
Currently there are 2,319 single family homes on the market in Edmonton proper. However in the last 30 days there only has been 230 sales. That gives us a listings to sales ratio of 10.08:1
That is the highest I have seen this ratio since the market turned in mid 2007. Now part of that has to be attributed to the fact that these numbers reflect the activity in December which historically has been one of the slowest months of the year.
Having said that the ratio is still way to high and I would expect there will be more pressure on valuations in the incoming few weeks of the new year.
