Statistics released for the month of May by the Calgary Real Estate Board indicate that the number of sales of both single family homes and condos are both up from a year ago. The increase in the volume of sales, along with a decrease in inventory (May '09 month end of 3861 vs. May '08 of 7099) are both positive indicators that the market is heading back in a positive direction.
Country residential sales have remained virtually unchanged from the same time last year:
Month End Inventory (May 2009) 976 vs. (May 2008) 954
New Listings Added (May 2009) 268 vs. (May 2008) 275
Sales (May 2009) 71 vs. (May 2008) 69
Rural land sales also remained consistent, showing only a 0.55% increase in inventory and 1.96% higher average sales price compared to May of 2008.
To see the full stats package for the month of May click here
http://www.creb.com/public/documents/statistics/2009/package/res-stats-2009-may.pdf
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