Edmonton Real Estate Statistics – May 04, 2009
Buyer should beware… prices are going to rise!!!
As of today there are 2,435 single family homes for sale in Edmonton proper. That is a slight drop from last week, so inventory is shrinking. In the past 30 days there were 798 homes sold in Edmonton proper. Now that is an increase from previous weeks.
That gives us a listings to sales ratio of 3.05:1 well below the 4:1 we need for a balance or neutral market. It is also the 4th consecutive week that we have been below that 4:1 ratio. As a result I am convinced that we are going to see valuations rising if they are not already.
Buy now if you are going to buy because you will pay more later.
