august 2011

calgary regional housing market statistics

CALGARY HOMEBUYERS TAKE ADVANTAGE OF AFFORDABILITY
AND CHOICE

Upper-end home and entry-level condo sales get a boost

City of Calgary Single Family Sales

CITY OF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATE
45.00%

Calgary, September 1, 2011 According to figures released today by

CREB (Calgary Real Estate Board), sales for upper-end homes are above
the pace set a year ago. As of Wednesday August 31, there were 948 single
family sales over $700,000 recorded this year, compared to 779 reported
for the same period in 2010.
At the same time, sales for condos priced below $200,000 also received
a boost, pointing to a growing number of first-time homebuyers taking
advantage of affordability and low mortgage rates. There were 834 condo
sales below $200,000 this year compared with 596 for the same period in
2010.
We are seeing a lift in sales at both ends of the market, says Sano Stante,
president of CREB. Improving economic conditions coupled with
affordability and price stability has given Calgary a boost in buyers for
upper-end homes and entry level condos.

40.00%
35.00%
30.00%
25.00%

CITY OF CALGARY SINGLE FAMILY SALES BY PRICE RANGE YEAR TO DATE

20.00%
15.00%
45.00%
10.00%
40.00%
5.00%
35.00%
0.00%
30.00%

>$300,000

25.00%

15.00% CREB
Source:

The single family market recorded 1,106 sales in the month of August 2011.
This is an increase of 28 per cent when compared to August 2010 sales,
which were the lowest levels of August sales since 1994. Year to date sales
of 9,485 are 10 per cent higher than last years figures.
Single family inventory levels reached 4,573 in August, a nine per cent
decline over last years levels. The recent rise in listings was counteracted
by robust sales, keeping absorption levels at four months compared to the
six months recorded in August 2010.
As in the single family market, condominium inventories of 1,997 were
lower than last years levels. The market conditions have changed
significantly as inventory levels continue to decline. Recent improvement
in sales, combined with lower listings, has resulted in a year over year
decline in the months of supply.
Condominium sales amounted to 468 units in August 2011, with a year
to date total of 3,885 similar to levels recorded in the first eight months
of 2010.

$450,000 $549,999

$550,000 $699,999

$700,000 +

Aug-08

Aug-09

Aug-10

$550,000 $699,999

$700,000 +

Aug-11

5.00%

CITY OF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATE

0.00%
>$300,000
60.00%
50.00%

$300,000 -$
349,999

$350,000 $449,999

$450,000 $549,999

City of Calgary Condominium Sales

Aug-08

Source: CREB

Aug-09

Aug-10

Aug-11

40.00%
30.00%
CITY OF CALGARY CONDOMINIUM SALES BY PRICE RANGE YEAR TO DATE
20.00%
60.00%
10.00%
50.00%
0.00%
40.00%

>$200,000

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $599,999

$600,000+

30.00%
20.00%

When looking at Canadas major cities, Calgary is one of the most

affordable regions for homeownership in the country, says Stante. Buyers
are benefiting from improved selection at all price ranges in the market. In
fact, nearly half of all single family homes sold year to date were priced
below $400,000. Well priced properties seem to be moving in this market.

$350,000 $449,999

10.00%

Aug-08

Source: CREB

According to figures released today by CREB (Calgary Real Estate Board),

the year to date average price for single family resale homes reached
$468,051, a one per cent rise over last year. Condominium prices continue
to remain one per cent lower than last years figures with an average price
of $288,167 after the first eight months. The 2011 year to date median price
of single family and condominium homes were a respective $410,000 and
$263,000.

$300,000 -$
349,999

20.00%

Aug-09

Aug-10

Aug-11

10.00%
0.00%
>$200,000

Source: CREB

$200,000 - $299,999

Aug-08

$300,000 - $399,999

Aug-09

Aug-10

$400,000 - $599,999

$600,000+

Aug-11

Stante states With Calgarys energy sector slated

to grow, it is expected to lift the citys employment,
income and in-migration, and in turn help contribute
to growth in the resale market. We expect price growth
to improve as we approach the end of 2011 and move
into 2012.
About CREB
CREB is a professional body of more than 5,300 licensed brokers
and registered associates, representing 248 member offices. CREB
is dedicated to enhancing the value, integrity and expertise of its
REALTOR members. Our REALTORS are committed to a high
standard of professional conduct, ongoing education, and a strict Code
of Ethics and standards of business practice.
Any use or reference to CREB data and statistics must acknowledge
CREB as the source. The board does not generate statistics or analysis
of any individual member or companys market share.
Average price information can be useful in establishing trends over
time, but does not indicate actual prices in centres comprised of
widely divergent neighbourhoods, or account for price differentials
between geographical areas. All MLS active listings for Calgary and
area may be found on the boards website at www.creb.com.

CREB - TOTAL MLS

Aug-11

Aug-10

Mth Chg

2011 YTD

2010 YTD

YTD Chg

SINGLE FAMILY (Calgary Metro)

Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

4,573
2,112
1,106
49
453,969
402,251

5,046
1,958
865
51
445,814
395,000

-9.37%
7.87%
27.86%
-3.43%
1.83%
1.84%

n/a
18,082
9,485
44
468,051
410,000

n/a
19,625
8,624
39
465,138
412,500

n/a
-7.86%
9.98%
12.82%
0.63%
-0.61%

CONDOMINIUM (Calgary Metro)

Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

1,997
866
468
54
285,487
255,000

2,255
809
362
54
286,373
260,000

-11.44%
7.05%
29.28%
-0.14%
-0.31%
-1.92%

n/a
7,477
3,885
52
288,167
263,000

n/a
8,778
3,875
45
291,607
268,500

n/a
-14.82%
0.26%
15.56%
-1.18%
-2.05%

TOWNS (Outside Calgary)

Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

3,153
818
323
75
357,766
330,900

2,767
621
310
76
356,364
325,000

13.95%
31.72%
4.19%
-1.69%
0.39%
1.82%

n/a
6,957
2,636
77
353,432
330,000

n/a
6,672
2,615
67
362,987
335,500

n/a
4.27%
0.80%
14.93%
-2.63%
-1.64%

COUNTRY RESIDENTIAL (Acreages)

Month End Inventory
New Listings Added
Sales
Average Sale Price
Median Price

1,190
225
63
829,621
680,000

1,149
208
46
790,815
735,000

3.57%
8.17%
36.96%
4.91%
-7.48%

n/a
2,010
460
830,428
750,000

n/a
1,873
425
854,733
760,000

n/a
7.31%
8.24%
-2.84%
-1.32%

RURAL LAND
Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

756
74
18
214
532,824
393,500

600
85
15
159
300,697
290,000

26.00%
-12.94%
20.00%
34.35%
77.20%
35.69%

n/a
839
123
115
478,019
360,000

n/a
797
148
126
402,662
335,000

n/a
5.27%
-16.89%
-8.73%
18.71%
7.46%

TOTAL MLS*
Month End Inventory
New Listings Added
Sales
Avg DOM
Average Sale Price
Median Price

11,885
4,137
1,995
59
408,637
360,000

11,928
3,718
1,620
60
396,255
350,000

-0.36%
11.27%
23.15%
-1.68%
3.12%
2.86%

n/a
35,697
16,682
54
416,009
364,000

n/a
38,132
15,809
48
412,636
363,500

n/a
-6.39%
5.52%
12.50%
0.82%
0.14%

*Total MLS includes Mobile Listings

Calgary Metro only includes Zone A, B, C and D
Year-to-date and monthly statistics will accurately reflect our database, reflecting up-to-date changes that naturally occur.

CREB CALGARY METRO BY PRICE

Aug-11
Month

SINGLE FAMILY
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,500,000 - 3,999,999
Over 4,000,000

0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

1,106

0.00%
1.45%
13.29%
16.46%
17.54%
13.92%
11.30%
6.51%
4.43%
3.25%
2.44%
3.62%
2.08%
0.81%
1.72%
0.72%
0.18%
0.18%
0.00%
0.09%
0.00%
0.00%
100.00%

3
106
192
76
34
15
17
8
3
3
3
3
2
2
1
-

0.64%
22.65%
41.03%
16.24%
7.26%
3.21%
3.63%
1.71%
0.64%
0.64%
0.64%
0.64%
0.43%
0.00%
0.43%
0.21%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

16
147
182
194
154
125
72
49
36
27
40
23
9
19
8
2
2
1
-

468

Aug-10
Y.T.D.
1
118
1,170
1,532
1,670
1,375
975
637
457
326
276
336
216
97
122
80
25
32
21
14
2
-

9,485

0.01%
1.24%
12.34%
16.15%
17.61%
14.50%
10.28%
6.72%
4.82%
3.44%
2.91%
3.54%
2.28%
1.02%
1.29%
0.84%
0.26%
0.34%
0.22%
0.15%
0.02%
0.00%
100.00%

41
793
1,661
557
373
147
124
50
34
22
26
19
19
1
8
7
1
1
1

1.06%
20.41%
42.75%
14.34%
9.60%
3.78%
3.19%
1.29%
0.88%
0.57%
0.67%
0.49%
0.49%
0.03%
0.21%
0.18%
0.03%
0.00%
0.00%
0.03%
0.00%
0.00%
0.03%

3,885

Month
-

Y.T.D.

865

0.00%
0.92%
14.34%
16.65%
18.96%
15.72%
8.79%
6.94%
4.62%
2.66%
2.66%
2.66%
1.97%
0.23%
1.50%
0.92%
0.12%
0.12%
0.12%
0.12%
0.00%
0.00%
100.00%

8,624

0.01%
0.77%
11.29%
16.16%
17.63%
15.96%
10.78%
7.08%
5.06%
3.51%
2.71%
3.19%
1.96%
1.09%
1.31%
0.70%
0.31%
0.14%
0.22%
0.09%
0.00%
0.02%
100.00%

5
58
186
48
32
8
9
3
3
1
1
3
1
2
2
-

1.38%
16.02%
51.38%
13.26%
8.84%
2.21%
2.49%
0.83%
0.83%
0.28%
0.28%
0.83%
0.00%
0.28%
0.55%
0.55%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

21
575
1,835
657
349
173
83
48
42
30
13
16
12
8
8
4
1
-

0.54%
14.84%
47.35%
16.95%
9.01%
4.46%
2.14%
1.24%
1.08%
0.77%
0.34%
0.41%
0.31%
0.21%
0.21%
0.10%
0.00%
0.03%
0.00%
0.00%
0.00%
0.00%
0.00%

8
124
144
164
136
76
60
40
23
23
23
17
2
13
8
1
1
1
1
-

362

Year-to-date and monthly statistics will accurately reflect our database, reflecting up-to-date changes that naturally occur.

1
66
974
1,394
1,520
1,376
930
611
436
303
234
275
169
94
113
60
27
12
19
8
2

3,875

CREB TOWN AND COUNTRY BY PRICE CATEGORY

Aug-11
TOWNS

Month

0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,500,000 - 3,999,999
Over 4,000,000

2
39
75
65
44
42
13
10
11
3
8
3
3
1
3
1
-

323
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

4
4
2
2
4
3
1
6
3
4
6
4
4
5
4
1
3
1
1
1
-

63

Aug-10
Y.T.D.

0.62%
12.07%
23.22%
20.12%
13.62%
13.00%
4.02%
3.10%
3.41%
0.93%
2.48%
0.93%
0.93%
0.31%
0.93%
0.31%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%
0.00%
6.35%
6.35%
3.17%
3.17%
6.35%
4.76%
1.59%
9.52%
4.76%
6.35%
9.52%
6.35%
6.35%
7.94%
6.35%
1.59%
4.76%
1.59%
1.59%
1.59%
0.00%
0.00%

54
295
682
473
382
287
156
92
53
23
38
29
21
17
17
14
1
1
1
-

2,636
1
14
33
14
18
19
10
17
26
19
25
52
52
34
67
23
12
8
9
5
2
-

460

2.05%
11.19%
25.87%
17.94%
14.49%
10.89%
5.92%
3.49%
2.01%
0.87%
1.44%
1.10%
0.80%
0.64%
0.64%
0.53%
0.04%
0.00%
0.04%
0.04%
0.00%
0.00%
100.00%
0.22%
3.04%
7.17%
3.04%
3.91%
4.13%
2.17%
3.70%
5.65%
4.13%
5.43%
11.30%
11.30%
7.39%
14.57%
5.00%
2.61%
1.74%
1.96%
1.09%
0.43%
0.00%
0.00%

Month
9
41
76
58
44
29
11
12
8
6
2
4
2
2
1
2
2
1
-

310
1
3
2
1
4
4
1
2
11
4
4
4
4
1
-

2.90%
13.23%
24.52%
18.71%
14.19%
9.35%
3.55%
3.87%
2.58%
1.94%
0.65%
1.29%
0.65%
0.65%
0.32%
0.65%
0.65%
0.00%
0.32%
0.00%
0.00%
0.00%
100.00%
0.00%
2.17%
6.52%
4.35%
2.17%
0.00%
8.70%
0.00%
8.70%
2.17%
4.35%
23.91%
8.70%
8.70%
8.70%
8.70%
0.00%
0.00%
0.00%
2.17%
0.00%
0.00%
0.00%

46

Year-to-date and monthly statistics will accurately reflect our database, reflecting up-to-date changes that naturally occur.

Y.T.D.
55
273
630
459
404
282
149
119
55
46
28
39
25
20
13
9
4
2
3
-

2,615
1
9
16
16
10
10
26
11
20
24
25
52
59
33
44
32
16
9
7
4
1
-

425

2.10%
10.44%
24.09%
17.55%
15.45%
10.78%
5.70%
4.55%
2.10%
1.76%
1.07%
1.49%
0.96%
0.76%
0.50%
0.34%
0.15%
0.08%
0.11%
0.00%
0.00%
0.00%
100.00%
0.24%
2.12%
3.76%
3.76%
2.35%
2.35%
6.12%
2.59%
4.71%
5.65%
5.88%
12.24%
13.88%
7.76%
10.35%
7.53%
3.76%
2.12%
1.65%
0.94%
0.00%
0.24%
0.00%

CREB
CALGARY METRO
SINGLE FAMILY BY STYLE
August 2011
Style

Listings Added Sales

Inventory

Avg Price

Total Sales

Median Price

Avg DOM S$/L$

NW
BK-SP
BLEVL
BUNG
BUNGH
MODUL
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
VILLA

1
106
342
13
2
93
13
81
5
24
838
10
6

1
45
162
6
1
36
7
42
2
8
444
1
4

2
36
96
3
0
22
7
20
3
3
208
2
0

317,250
364,211
452,592
441,856

634,500
13,111,600
43,448,838
1,325,569

292,500
335,000
412,500
419,069

43
53
44
22

497,209
428,571
401,675
532,600
600,500
485,751
904,000

10,938,600
3,000,000
8,033,500
1,597,800
1,801,500
101,036,146
1,808,000

460,000
378,000
380,000
395,000
659,000
437,500
850,000

55
41
58
58
34
48
46

9
239
0
12
12
93
2
307

3
115
0
9
5
46
2
133

0
58
1
0
1
26
1
71

270,474
100,000

15,687,500
100,000

270,000
100,000

40
41

227,500
301,423
195,000
323,097

227,500
7,837,000
195,000
22,939,907

227,500
310,000
195,000
320,000

35
43
12
54

5
54
286
11
1
1
70
14
81
12
25
715
6
30
10

4
24
136
3
0
0
25
5
37
5
9
328
2
6
8

1
12
78
1
0
0
7
1
13
4
4
156
2
5
3

255,000
402,242
501,577
1,005,000

255,000
4,826,900
39,122,995
1,005,000

255,000
362,000
450,000
1,005,000

40
41
49
7

626,857
295,000
661,331
609,000
544,250
575,881
967,500
941,100
536,380

4,388,000
295,000
8,597,300
2,436,000
2,177,000
89,837,370
1,935,000
4,705,500
1,609,141

510,000
295,000
396,500
510,000
460,000
525,000
685,000
1,015,000
498,468

42
33
46
34
20
54
105
64
23

BK-SP
2
2
2
434,950
869,900
359,900
BLEVL
46
28
10
359,625
3,596,250
334,500
BUNG
183
78
64
432,270
27,665,300
380,000
BUNGH
3
0
0
SPLT2
49
14
12
508,250
6,099,000
405,000
SPLT3
4
2
2
355,000
710,000
310,000
SPLT4
39
20
13
351,569
4,570,400
330,000
SPLT5
1
1
0
ST1.5
4
1
1
347,000
347,000
347,000
ST2
478
214
124
439,260
54,468,245
392,500
ST2.5
0
0
0
ST3
3
1
0
VILLA
1
1
1
398,000
398,000
398,000
NOTE: The above sales totals and median prices are for detached homes only.These figures do not include:
Residential Attached, Duplex Side by Side, Duplex Up and Down, Townhouse, or Vacant Lot.

55
57
47

NE
BK-SP
BUNG
MODUL
SPLT2
SPLT3
SPLT4
ST1.5
ST2

SW
BK-SP
BLEVL
BUNG
BUNGH
BUNGS
HL-SP
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA

SE

58
29
53
106
44

104

CREB
CALGARY METRO
CONDOMINIUM BY STYLE
August 2011
Style
NW
APART
APRTM
BLEVL
BUNG
LOFT
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST2
ST3
VILLA
NE
APART
APRTM
BLEVL
BUNG
SPLT2
SPLT3
SPLT4
ST2
ST2.5
ST3
VILLA
SW
APART
APRTM
BK-SP
BLEVL
BUNG
LOFT
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA
SE
APART
APRTM
BUNG
LOFT
PENTH
SPLT2
SPLT4
SPLT5
ST2
VILLA

Listings Added Sales

Inventory

Avg Price

Total Sales

Median Price

Avg DOM S$/L$

258
9
14
28
0
1
5
5
18
2
142
19
3

110
3
6
13
0
0
3
3
8
2
66
5
2

71
2
2
9
1
1
0
2
3
1
56
2
2

259,192
435,000
210,000
272,856
248,000
875,000

18,402,607
870,000
420,000
2,455,700
248,000
875,000

245,000
200,000
208,000
235,000
248,000
875,000

55
97
71
36
79
43

585,000
247,833
489,888
287,141
479,750
276,000

1,170,000
743,500
489,888
16,079,900
959,500
552,000

385,000
282,500
489,888
283,000
355,000
257,000

34
27
10
46
113
24

83
3
3
10
2
1
4
89
1
5
0

34
2
3
4
1
0
2
34
1
2
0

15
0
0
0
0
0
1
10
0
0
1

184,707

2,770,600

202,000

53

168,000
165,390

168,000
1,653,900

168,000
165,000

14
63

122,000

122,000

122,000

13

719
36
1
10
29
21
17
3
3
18
7
1
189
3
40
13

303
14
1
4
13
8
5
2
1
9
3
1
89
2
19
8

159
8
0
1
13
3
0
0
0
4
1
0
40
1
11
4

269,516
319,800

42,853,071
2,558,400

237,500
320,000

53
61

165,000
317,154
319,667

165,000
4,123,000
959,000

165,000
275,000
310,000

27
65
32

333,125
254,500

1,332,500
254,500

325,000
254,500

55
22

338,496
352,500
629,364
492,375

13,539,831
352,500
6,922,999
1,969,500

312,500
352,500
570,000
450,000

53
40
49
81

66
1
11
1
1
0
5
1
80
1

31
1
4
0
0
0
3
0
35
0

27
0
2
0
0
1
1
0
13
0

222,315

6,002,500

215,000

67

282,400

564,800

214,900

72

410,000
244,000

410,000
244,000

410,000
244,000

68
20

259,654

3,375,500

250,000

50

CREB - COMMERCIAL SUMMARY

Year to Date
31-Aug-11
Sold or
Leased

Avg Price or
Lse / M2

Type

Sold or
Leased

BUS
IND
OFC

L
L
L

1
16
18

4.49
8.86
13.34

44
65
112

RET
AGR
BUS
BWP
IND

L
S
S
S
S

12
8
56
18
21

17
994,250
89,238
867,538
755,055

LAN
MFC
OFC
RET

S
S
S
S

11
23
13
22

1,053,500
1,117,043
932,868
676,772

Avg DOM

Total Sales

SP / LP

117
57
122
194
170

7,954,000
4,997,349
15,615,690
15,101,100

95.57%
81.30%
87.30%
87.06%

132
72
135
133

10,535,000
25,692,000
12,127,280
12,181,900

81.15%
93.03%
81.38%
90.70%

Year to Date
31-Aug-10

IND
OFC
RET
BUS
BWP
IND
LAN
MFC
OFC
RET

L
L
L
S
S
S
S
S
S
S

9
11
4
49
11
38
22
11
17
15

9.111
12.827181
18.50075
89,878
453,091
478,790
877,400
830,273
623,812
513,962

110
107
88
97
181
104
152
89
118
75

4,404,008
4,984,000
18,194,013
19,302,800

80.96%
90.97%
92.53%
89.60%

9,133,000
10,604,800
7,709,435

94.81%
88.06%
89.00%

CREB TOTAL MLS

Sales
Inventory
Avg Sale Price

22,000

$500,000

Median Sale Price

20,000

$450,000
424,259
396,255

411,295

410,707

411,833

428,458

424,871

$400,000

401,941

370,633

370,000

367,000

359,000

16,000
350,000

355,000

408,637

410,063

390,124

360,000

360,000

360,000

350,000

344,900

360,000

369,000

$350,000

# Sales/Inventory

14,000
$300,000

11928

12,000

11349

11971

11938

11650

11885

10855

10473

$250,000

10043

10,000

9439
8929

$200,000

8070

8,000

7189

$150,000

6,000

$100,000

4,000
2,000

1620

1672

1519

1495

1964
1283

2344

2173

2308

2509
2048

1995

1341

$50,000
$0

Aug-10

Sep-10

Oct-10

Nov-10 Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Aug-11

Average/Median Sales Price

409,579

403,994

18,000

CREB ABSORPTION RATE

TOTAL MLS
12

10

Balanced Market
2

0
Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11
Absorption Rate = Inventory / Sales

CREB TOTAL MLS

16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

Inventory

Sales

CREB TOTAL MLS

New Listings

7,000

Sales

6,000
5,000
4,000
3,000
2,000
1,000
0
Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-11 Aug-11

CREB TOTAL MLS INVENTORY AS OF

MONTH END
20,000
18,000
16,000

11,928

11,885

14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Aug-10

Aug-11