Edmonton Real Estate Statistics – March 23, 2009
Wow I really had a busy weekend. I finalized an offer I started at the end of the week and had two more deals go pending. While most Realtors seem to be slow I am very busy and still looking for a new administrative assistant… but enough about me.
As of this morning there were 10,159 properties listed with the Realtors Association of Edmonton (EREB). However of those only 2,576 were single family dwellings in Edmonton proper. In the last 30 days we have had 542 single family dwellings sell.
That would give us a listing/sales rati0 of 4.75:1. That is very encouraging and indicating that we are very close to the bottom of the market if not at the bottom already. Remember we need a 4:1 listing/sales ratio for a neutral market.
If you have been sitting on a fence waiting for the martket to bottom out… start looking now or take the chance to pay higher later in the year.
