Edmonton Real Estate Statistics – Oct. 26, 2009
Well I think the fall market place is definitely here. There has been an increase in the number of single family homes for sale in Edmonton proper from 1,930 homes to 1,951 this week. The slight increase in available homes for sale is probably due to the reduction in the number of sales in the last 30 days from 683 to 652.
With those kinds of numbers we would have a listing to sales ratio of 2.99:1 and increase from last week at 2.83:1. This indicates to me that we are going to be seeing less upward pressure on valuations, possibly even a leveling off. We are going to have to watch this ratio closely as if continues to rise we might even see downward pressure on valuations.
