Thursday, December 2, 2010

Calgary Stats November 2010

Sales were little changed in November compared to the previous month where normally a drop would be expected.

After a spike earlier this year new listings have more closely tracked the rate equivalent to the 2nd half of 2009.

See the sales surge? Looking at a seasonally adjusted chart it's more like a modest bounce from depressed levels. Not a distressed market but not quite a robust one either.

Seasonally adjusted new listings have been holding roughly the same level as the 2nd half of 2009.

The sales to new listing ratio is stuck around 50%. This has improved from earlier this year due to lower listings and a higher seasonally adjusted sales rate.

The last chart shows sales, new listings and inventory over the last 5 years.

Raw data from Bob Truman's site
Explanation of benchmarks

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