Edmonton Real Estate Statistics – July 27, 2009
Well it looks like the heat, Capital-Ex, and the Rexall Indy had very little impact on the real estate market here in Edmonton.
As of this morning there were 2,156 active Single Family homes on the market in Edmonton proper, which is very similar to what we saw the previous week. In the last 30 days there were 911 sales, which again is very similar to the numbers we saw last week. This would give us a listing to sales ration of 2.37:1 which again is similar to last week’s number.
Even though the market seems to be stabilizing at these numbers that ratio is still below the 4:1 that we need for a balanced or neutral market and does indicate that we are going to see increases in valuations.
Like I have been saying for some time now, don’t hold off on buying your next home as it will cost you more money.
