Currently there are 12,174 listing on the Edmonton Real Estate Board. Which consist of 6,418 residential single family homes, 3.331 condominium, and 1,202 acreages.
However in Edmonton proper there are 3,669 single family homes listed on the multiple listing service, which is up by almost 400 homes since last week. During the last 30 days there has been 719 sales which is down almost 200 since we check last week. This gives us a listing to sales ration of 5.12:1 up from last week’s ratio of 4.75:1.
This is showing a trend of increasing number of listings coming on the market, but we are not seeing an increase number of buyers coming on the market. We know that we need a ratio around 4:1 for a balanced or neutral market. This is worrisome as that indicates that there might still be downward pressure on pricing. I also expect that as we get deeper into our spring market place we are going to see an ever increasing amount of homes being listed… let’s hope that the buyers come out of the woodwork to offset the increasing inventory.
Don’t forget to visit us at http://www.findmyhouse.ca/ to view and search all mls listed homes in the Edmonton area.
This is Serge of Team Leading Edge wishing you a great day!
Serge Bourgoin
Managing Partner
Team Leading Edge
Re/Max Real Estate
(780) 995-6520
No comments:
Post a Comment