Wednesday, October 24, 2007
Edmonton Comfree Mystery Stats
On the Comfree monthly reports there was something called the "Sold to Listing Ratio". For Edmonton in August this was 58%. Looking at the report I have no idea where this comes from.
New Listings = 788
Sales = 237
Total inventory = 2927
Sales/New Lisitngs = 30%
Month of Inventory = 12.3 months
That sounds a lot worse than 58% sold to listing ratio! Also worse the 45 days on market stat they used.
In September this stat was changed to "Sales Success" and was 50%. It remains mysterious:
New Listings =613
Sales = 201
Sales/New Lisitngs = 0.328 = 32.8%
Total inventory = 3423
Month of Inventory = 17 months
Wow! 17 months of inventory at current sales with Comfree. Thats a meaningful stat.
Edmonton Monthly Reports
A side note:
It costs $699 to list on Comfree in Alberta but only $399 in Australia! After currency conversion thats $350 CAN.