Edmonton Real Estate Statistics – March 22, 2010

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As I anticipated, the trend is continuing. The number of listings coming on the market is outpacing the number of sales. As of this morning there were 2,127 single family dwellings in Edmonton proper on the market an increase from last week's inventory level of 2,003.

In the last 30 days we had 615 single family dwellings sold in Edmonton proper. That number is actually down from last week's number of sales of 619.

This gives us listings to sales ratio of 3.46:1 up again from last week's ratio of 3.24:1. So the pressure for valuations to rise is easing and could very well go the ratio of 4:1 very soon. If we break that we can start seeing valuations drop.

Please call me if you have any questions about this, or anything else related to Real Estate.

I would love to help you out. (780) 634-8151

Serge Bourgoin, Founding and Managing partner of Team Leading Edge at RE/MAX Elite

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