Calgary Housing Market Stable in December

Houses 2 by DArcy Norman
 Houses by DArcy Norman

 

For the month of December, new listings for single family homes fell 41% for the month, and are down 1% for the year. Average price also fell 5% over last month but year over year was up 7%. December sales are historically lower than other months due to the holidays.

December 2011 ended with 24% less sales than the prior month and 1% lower than same month, last year. Calgary condo market performed similar to single family homes. The only significant change was that average condo price increased by 2.5% over November 2011. There is now 2 months of supply on the market which might be slowly trending towards sellers market.

Calgary Housing Market Statistics December 2011
Calgary Housing Market Statistics December 2011
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One Response to Calgary Housing Market Stable in December

  1. First Rentals says:

    Hope new year brings more sales to the housing market

    Reply

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