Edmonton Real Estate Statistics – Aug 26, 2009
Morning everybody,
I want to apologize for the delay in getting this statistics out this week. We are doing some changes and upgrading to both the website and the blog.
As of this morning there are 2,192 single family homes listed on MLS in Edmonton proper. That number has remain fairly consistent over the last few weeks. The number of sales in the past 30 days were 788 a slight increase over last week. That give us a listing to sales ratio of 2.78:1 still lower than the 4:1 we need for a balanced ratio that we need for a neutral market. So I expect that we should see valuations continue to rise slightly over the short term, or until we see that ratio get closer to the 4:1.
