Is The Edmonton Real Estate Market Getting Stronger?
I just finished reading the press release from the Realtors Assc. Of Edmonton and I was very surprised at their statistics. They are indicating that it is still a rather slow market in Edmonton which was opposite to what I had been experiencing. The month of January was one of my busiest January’s that I can remember since starting real estate in 1985.
But let us look at what an analysis of the market really tells us. As of today February 03, 2012 there are 2003 single family homes listed in Edmonton proper. I found that to be a relatively low number.
However when I take a look at the number of sales in the previous 30 days there were only
440 homes sold. That is a number much lower than I had anticipated based on the number of homes that I personally have sold.
This would give us a listing to sales ration of 4.55:1. With a ratio that high it would indicate that there is still downward pressure on valuations and still a buyer’s market which is supported by the press release from the Realtor’s Assc. Of Edmonton.
However I think this will be short live and we will shortly see the pendulum swing the
other way back into a seller’s market soon. So if you are thinking of buying better buy soon before valuations start to rise again.
Tags: edmonton real estate, edmonton real estate statistics, housing market, Real estate news
