Here’s how the Calgary real estate market did in February 2008:
Single Family homes prices increased from January 2008 and YoY. The median price in February 2008 was $428,000 showing a 4.9% increase over February 2007 ($408,000) and a 4.4% from last month ($410,000)
You can read CREB’s full February MLS Report here To view graphs in full-size, just click on them.
Sales in February were also higher than they’ve been since September 2007, however are still down almost 40% from last February/March 2007.
Although prices and sales have been up these past few months, something else has been climbing steadily higher as well: INVENTORY
Although they haven’t quite hit October’s peak levels, every indication is they will shortly. What do you think the peak inventory level will be, and by when? Will the increased inventory slow price growth, prevent price increases altogether, or result in price declines?
Source for all stats: Calgary Real Estate Board All information herein deemed reliable but not guaranteed.
