Friday, May 22, 2009
- Months of Inventory/Absorption Rate Update
Dec-08 - 8.8 months of inventory of single family & condos within Calgary's city limits Jan-09 - 7.7 months of inventory Feb-09 - 5.5 months of inventory Mar-09 - 4.2 months of inventory Apr-09 - 3.3 months of inventory
Today, May-22, we currently have 2.9 months of inventory. Our inventory is shrinking ever so slightly (less than 1%), though sales have increased (~13% over April's numbers). A balanced market is typically 2.5-3.5 months of inventory here in Calgary. We are currently considered in a balanced market.
Call me today to find out all your community market stats.
posted in Listings
at Fri, 22 May 2009 19:44:00 +0000