Edmonton Real Estate Statistics – Sept. 14, 2009
Well summer holidays are over and the kids are now back in school and it is now time to get back to the regular routine. Now is also the time we see the market to re-stabilize after the summer holiday break.
I expect that over the next few weeks we will start to see the number of sales to start to increase slightly over the next few weeks and stabilize until November and December when we will see things slow down again.
As of this morning there were 2,122 single family listings in Edmonton proper, which about where we have been hovering of the last few weeks. However the number of sales in the last 30 slipped slightly to 693 which was to be expected since it represent for the sales for the last half of August in the first two weeks of September when people are resettling back to the regular routines.
That does however raise the listings to sales ratio to 3.06:1, which is an indicator that valuations are stabilizing as we get closer to that 4:1 ratio. So let us see what the next few weeks will bring us.
