To view and search all MLS listed homes, condominiums, and acreages in the Edmonton area visit up at: www.FindMyHouse.ca
The Edmonton real estate market is getting a little more exciting these days. By exciting I mean that we are seeing an increase in listing activity and sales activity. However we still have too many homes on the market for prices to increase at this time.
Current on the Edmonton Real Estate board there are a total of 13,922 properties listed. That is an increase over last week. That breaks down into 6,995 single family homes, 3,540 condominiums and 1,359 acreages.
During the last 30 days we have seen a total of 1,096 sales. That give us a listing to sales ratio of 6.38:1 which is very close to what we had last week. However with a ratio that high I expect continued downward pressure on pricing. A ratio of 4:1 is what we need for a balanced or neutral market and a ratio lower than that before we see prices increase again.
I expect to see the inventory level to continue to increase in the upcoming weeks as we head into our spring marketplace. What is needed now is to see the buyers to start coming back, which it should as they get spring fever.
To price your own home online for free visit us at: www.TeamLeadingEdge.ca
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment