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.