Sunday, April 13, 2008

THIS WEEK'S REAL ESTATE UPDATE - APRIL 13, 2008

To view and search all MLS listed homes in the Edmonton area visit us at: www.TeamLeadingEdge.ca

As of Sunday April 13, 2008 we have a total of 13,298 active listings on the Edmonton Real Estate Board, which consists of 6,753 residential listings, 3,481 condominiums and 1,316 acreages. That is a significant increase over last week.

In Edmonton proper we have we have 6,802 active listings, and we have had 1,068 sales in the last 30 days. That gives us a listings to sales ratio of 6.37:1, and increase from 6.24:1 that we had last week.

With ratios still in excess of 4:1 I expect to continue to see downward pressure on valuations unfortunately.

To find the value of your home online for free visit us at: www.TeamLeadingEdge.ca

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