Edmonton Real Estate Market Update – March 29, 2009
Well the market continues to improve.
Currently with the Realtors Association of Edmonton there are 10, 388 residential properties listed on MLS. However there are 2,599 single family dwellings listed in Edmonton proper. In the last 30 days there has been 600 single family homes sold. That is a slight improvement over last week.
That would give us a listing to sales ratio of 4.33:1, an improvement over last week which would indicate that we are reaching the bottom to valuations. A ratio below 4:1 would indicate that valuations would start to rise again.
If you are trying to time the market… start looking now.
