A second look at the Real Estate industry in Alberta.
Wednesday, April 7, 2010
Edmonton listings up more than sales
Similar to Calgary. Listings accelerating faster than sales resulting in a seasonally adjusted sales/listing ratio of 42%. Prices were strong (I believe this is partly due to seasonal patterns and monthly noise) but supply and demand indicates an environment of falling prices.
"We're predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month," Carolyn Pratt, Former President REALTORS Association of Edmonton, April 4 2007
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