Calgary MLS® Listing Inventory Drops

Posted Dec 7, 2006 @ 11:20 pm, Viewed by 999 Visitors, Read 1021 Times.
Calgary Real Estate

 

Dec 07/06:  Figures released by CREB (the Calgary Real Estate Board) earlier this week indicated the Calgary housing market continues to be strong, with 2,313 sales recorded in November 2006.

The graph below displays the number of active listings (inventory) as a function of sales vs. time. The red-hot market in the first half of 2006 is clearly visible as the curve approaches a low of just 2 weeks inventory, followed by a softening of the market as listings rose to 7,000 the first week of October (3 months inventory). Continued strong sales coupled with expiries of overpriced listings has the inventory curve trending downwards again. 

Calgary Listing Inventory

 

 

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Calgary Agent Jim Sparrow is a consistent top-producing Calgary REALTOR® with Keller Williams Platinum Realty specializing in South Calgary estate and luxury homes.Visit our website at Calgary Real Estate or contact me directly at 403.703.2404 Blog Information Profile for CalgaryRealtor Read More

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