Edmonton Real Estate Statistics – April 20, 2009
The market is changing fast… very similar to what we saw when the market had it’s down turn back in May 2007.
As of this morning there were 2,521 residential listings in Edmonton proper. In the last 30 days there were 684 listins sold which again is an increase over last week. That would give us a listing to sales ratio of 3.56:1. Again that is a drop from last week.
For those of you who have been following this blog you will remember that historically in Edmonton we need a listings to sales ratio of 4:1 for a neutral or balanced market. Now for 2 weeks in a row we have been below that market which supports my comments lasts week that we have probably seen the bottom of valuations.
I wouldn’t be surprised at all if we were to start seeing valuations start to rise again soon. So if you were thinkg of buying then the sooner the better as they say.
Tags: edmonton real estate, edmonton real estate statistics, Finance
