Edmonton Real Estate Statistics – March 08, 2010
Well the market is doing exactly what I was expecting it to do as we get further into this spring market place. As of today there are 1,829 single family dwellings for sale in Edmonton proper which is up from last week. As we get closer to the spring months we will see the number of listings for sale increase.
In the last 30 days there were 598 single family dwellings sold in Edmonton proper. That give us a listing to sale ratio of 3.06:1 which is a slight increase from last week. That is still lower than our neutral point indicating upward pressure on valuations.
However it might be starting a new trend where we might see a more neutral market if the number of listings coming on the market continues to increases at a faster rate than the number of sales.
