Edmonton Real Estate Statistics – Sept. 28, 2009
I guess we can be happy with the thought that the market seems to be stabilizing. My concern is with the market stabilizing it will not take much for the market to go either way up or down depending on what might be in the news that week…
As of this morning there were 2,098 active single family homes on the market in Edmonton proper. Again a relatively consistent number with what we have seen in the last few weeks. The number that is somewhat worrisome is the number of sales. In the last 30 days there were 658 single family homes sold. That is a number that is has been declining of the last few weeks.
With the current listings and sales that give us a listings/sales ratio of 3.2:1. That is a slight increase over last week. So as this number continues to increase that would be an indicator that the market is softening.
I am hoping that is just a seasonal softening of the market which normal. On a brighter side of the homes that did sell the average days on market are 38.
This is also an indicator that if a property has been on the market longer than that it is properly over-priced. Even in today’s market the very best deals are selling in the first 3 days of them hitting the market.
So in order to get the best deal if you are thinking about buying would be to contact Kate at 780-634-8151 so she can set up a search that will allow you to receive the homes that would match your criteria the moment they are listed and you can take advantage to view this deals before they are sold to another buyer.
