Edmonton Real Estate Statistics – July 20, 2009
Well I am glad to be back from taking a 4 day long weekend, and we are back working and here to give you the update on the Edmonton Real Estate Market.
As of this morning there were 2,215 single family dwellings listed in Edmonton proper. That number has been remaining fairly stable as of late which is a nice sign to see. In the last 30 days there has been 938 sales of single family dwellings. Again this has been a fairly stable number.
With those listings and sales that would give us a listing to sales ratio of 2.36:1, which would be a slight increase over last week. However, this is still well below the 4:1 ratio that we need in Edmonton for a stable or neutral market. This would indicate that we should continue to see an increase in valuations.
Now is definitely the time to buy before prices continue to go up.
