“As we can see from the final numbers in 2007, sales have definitely held steady. In my opinion this can only point to two things; consumer confidence and stability in the market place. Calgarians continue to have confidence in our economy and real estate market”, remarked CREB® President, Ron Stanners.Consumer confidence and stability? The chart below show the difference in total sales each month when compared to 2006. For both condos and homes sales become weaker as the year went on. By comparing to the same month in the previous year it shows a decline that is independent of seasonality.
Radley77, a regular bubble poster, contributed some Calgary charts. These really show how unprecedented the recent boom has been. Thanks!