January numbers are in

The EREB hasn't put the January numbers up on their site yet, but the Journal had an article quoting most of the pertinent numbers for January, so I'll work with those, and when the EREB put up the full set I'll include those then.

EDIT: They updated their site the next morning, so here is a complete run down

Sales = 730
Since peak (May '07) = -74.3% (-2,109)
Since last January = -40.5% (-497)
Since six months ago = -59.1% (-1054)
Since last month = +20.1% (+122)

Residential = $317,049
Since peak (July '07) = -10.6% (-$37,669)
Since last January = -4.5% (-$15,002)
Since six months ago = -5.4% (-$18,051)
Since last month = +2.0% (+$6,075)

Single Family Homes = $352,689
Since peak (May '07) = -17.2% (-$73,339)
Since last January = -7.1% (-$26,878)
Since six months ago = -7.0% (-$26,535)
Since last month = +0.2% (+$819)

Condos = $238,535
Since peak (July '07) = -12.3% (-$33,373)
Since last January = -7.5% (-$19,421)
Since six months ago = -6.0% (-$15,315)
Since last month = +1.8% (+$4,249)

Townhouses = $299,222
Since peak (Oct '07) = -18.7% (-$68,742)
Since last January = -0.8% (-$2,534)
Since six months ago = -5.6% (-$17,610)
Since last month = +2.2% (+$6,329)

Year over year though prices were down for all categories though, to the tune of 7% or more for condos and single family homes. Edmonton actually had prices creep up slightly across the board from December, with the exception of median price for SFH's, which remained the same.

The big story carries over from last month though, that being the dismal sales totals, worst January tally since the 90's, third worst monthly since the turn of the century (December last being the worst, and December '00 coming in second).

Inventory also nudged up a bit as expected, now at 6,573 and the average days on the market continues to reach new heights, now at 68. So even the few that are selling, are not selling fast.

Seems at least in Edmonton sellers are holding to their guns price wise a bit more then our neighbours to the south, as in Calgary prices were down from December, but they shared Edmonton's dismal sales numbers.

The Journal also had another article today about the rental market... worth a quick look, but remember Mah is something of a pusher when it comes to anything real estate, so take his articles with a grain of salt.