As has been the case for the majority of the year, this month’s activity has been a blend between 2009 and 2010’s levels – not fully recovered, but an improvement from the previous year.
In the first 3 weeks of November there were 684 single family home sales, an increase of 9.44% year-over-year. Active inventory is trending slightly lower than this time last year. On November 21, 2010 there were 4,299 active listings compared to 4,117 yesterday. Even so, the inventory absorption rate for the last 30 days sits at 4.4 months which is a “Buyer’s Market.”
Metro-Calgary Condo Statistics