Friday, July 8, 2011

Edmonton Stats June 2011

Sales have dropped somewhat which could be expected for this time of year. Even with this drop the rate has maintained some gains from the dismal levels seen this time last year.

Listings dropped as expected in June.

Seasonally adjusted sales are low historically but they have been worse. This is a range similar to before the boom but above crisis levels.

The relatively low level of listings is having a stabilizing effect on the market.

The sales to new listing ration is slightly above 50%. A rate of 50% indicates a market with stable prices.

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