november 2011

calgary regional housing market statistics

Calgary Housing Sales Trending Up

Stable Pricing Providing Opportunities for Buyers

Total City of Calgary Sales YTD

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

CREB (Calgary Real Estate Board), Calgary residential sales in
November increased eight per cent over last year, at 17,538 after the
first 11 months of the year.

While sales activity tends to taper off in the winter months, so far
this year Calgary area sales remain significantly stronger than levels
recorded last year. Single family home sales totaled 962 for the month,
an increase of eight per cent from November 2010. Meanwhile, yearto-date sales totaled 12,464, a 10 per cent increase over last year. Over
the long term, however, sales remained a tepid 17 per cent below the 10
year average.
Despite any global economic cautions, consumers are actively seeking
well priced listings in the market, a reflection of their positive long
term outlook for the city, says Sano Stante, president of CREB.
Following two years of employment losses, the current growth in
jobs is translating into improvements in the housing sector and a more
optimistic consumer.
November listings have edged down over last years levels, decreasing
by two per cent. Lower listings combined with the increase in sales
helped reduce the months of inventory to less than four months.
The year-to-date average and median price of single family homes were
a respective $467,140 and $406,500. Overall, prices remain relatively
flat compared to last year.
This stable pricing provides an opportunity for buyers in our market.
The addition of historically low interest rates, combined with a good
selection of inventory, makes it a trifecta, Stante says. With positive
wage growth in the wind, this is a signal, and a reminder, that this
market opportunity will not remain forever.
Condominium sales for the first 11 months of the year totaled 5,074,
a five per cent rise over the same period last year. Inventory levels
declined to 1,676 units, helping push down the months of supply.
The rise in condominium sales can be attributed to the confidence in
the market, and is typical of this phase of a normal market recovery,
says Stante.
Condominium year-to-date average and median prices in 2011 were
$287,545 and $261,500, respectively, a decline over the first 11 months
of 2010, mostly due to increased sales in units priced under $200,000.
Calgary continues to record impressive employment growth and long
term fundamentals remain strong, Stante concludes. The strength in
our economy, combined with affordability levels that outperform most
major centers, will continue to attract migrants to the city and spur
further growth in our Calgary housing market.

City of Calgary Total Sales & Listings

About CREB
CREB is a professional body of more than 5,100 licensed brokers
and registered associates, representing 241 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.
For Calgary Metro, CREB statistics include only Zone A, B, C and D
for properties located in Calgary. Furthermore, all historical data has
been adjusted to the most current information.
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 is a registered trademark of the Calgary Real Estate Board
Cooperative. The trademarks MLS and Multiple Listing Service are
owned by the Canadian Real Estate Association (CREA) and identify
the quality of services provided by real estate professionals who are
members of CREA. The trademarks REALTOR and REALTORS
are controlled by CREA and identify real estate professionals who
are members of CREA, and subsequently the Alberta Real Estate
Association and CREB, used under licence.

CREB - TOTAL MLS

Nov-11

Nov-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

3,761
1,285
962
52
470,665
402,925

3,869
1,315
890
53
455,596
399,900

-2.79%
-2.28%
8.09%
-2.26%
3.31%
0.76%

n/a
23,485
12,464
46
467,140
406,500

n/a
24,954
11,358
42
462,407
408,000

n/a
-5.89%
9.74%
9.52%
1.02%
-0.37%

CONDOMINIUM (Calgary Metro)

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

1,676
562
393
57
273,356
250,000

1,882
634
310
58
284,667
254,150

-10.95%
-11.36%
26.77%
-1.60%
-3.97%
-1.63%

n/a
9,698
5,074
53
287,545
261,500

n/a
11,055
4,858
47
290,353
267,250

n/a
-12.27%
4.45%
12.77%
-0.97%
-2.15%

TOWNS (Outside Calgary)

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

2,531
491
298
82
335,394
335,500

2,238
510
218
73
339,822
310,500

13.09%
-3.73%
36.70%
11.47%
-1.30%
8.05%

n/a
8,864
3,546
78
353,815
334,626

n/a
8,465
3,334
71
361,228
334,900

n/a
4.71%
6.36%
9.86%
-2.05%
-0.08%

COUNTRY RESIDENTIAL (Acreages)

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

894
133
54
101
762,285
687,500

858
113
52
104
706,729
675,000

4.20%
17.70%
3.85%
-2.26%
7.86%
1.85%

n/a
2,548
641
103
807,084
738,500

n/a
2,329
580
90
813,977
725,000

n/a
9.40%
10.52%
14.44%
-0.85%
1.86%

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

591
51
19
174
392,789
390,000

491
84
17
108
565,418
302,500

20.37%
-39.29%
11.76%
60.87%
-30.53%
28.93%

n/a
1,029
185
131
449,523
365,000

n/a
1,012
207
132
420,702
332,500

n/a
1.68%
-10.63%
-0.76%
6.85%
9.77%

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

9,615
2,547
1,731
61
409,729
355,000

9,439
2,691
1,495
60
411,295
360,000

1.86%
-5.35%
15.79%
2.78%
-0.38%
-1.39%

n/a
46,049
22,030
56
415,239
363,000

n/a
48,300
20,495
51
411,740
361,500

n/a
-4.66%
7.49%
9.80%
0.85%
0.41%

*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

Nov-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
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

962

0.00%
2.08%
17.15%
14.55%
15.18%
14.14%
8.94%
5.61%
5.20%
3.22%
3.12%
3.22%
2.60%
1.46%
1.46%
0.94%
0.62%
0.10%
0.00%
0.00%
0.10%
0.21%
0.10%
100.00%

100
167
58
23
19
14
2
5
2
1
1
1
-

0.00%
25.45%
42.49%
14.76%
5.85%
4.83%
3.56%
0.51%
1.27%
0.51%
0.25%
0.25%
0.00%
0.00%
0.00%
0.00%
0.25%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

20
165
140
146
136
86
54
50
31
30
31
25
14
14
9
6
1
1
2
1

Nov-10
Y.T.D.
1
161
1,651
2,006
2,158
1,798
1,241
810
587
425
366
437
284
133
169
112
39
34
25
18
4
4
1

12,464

0.01%
1.29%
13.25%
16.09%
17.31%
14.43%
9.96%
6.50%
4.71%
3.41%
2.94%
3.51%
2.28%
1.07%
1.36%
0.90%
0.31%
0.27%
0.20%
0.14%
0.03%
0.03%
0.01%
100.00%

46
1,063
2,172
714
460
203
166
63
50
35
29
23
21
4
11
9
2
1
1
1

0.91%
20.95%
42.81%
14.07%
9.07%
4.00%
3.27%
1.24%
0.99%
0.69%
0.57%
0.45%
0.41%
0.08%
0.22%
0.18%
0.04%
0.00%
0.02%
0.02%
0.00%
0.00%
0.02%

Month
-

Y.T.D.

890

0.00%
1.24%
15.62%
14.94%
18.31%
14.83%
8.76%
5.51%
4.83%
3.82%
1.91%
3.15%
2.25%
1.91%
1.69%
0.90%
0.00%
0.11%
0.22%
0.00%
0.00%
0.00%
0.00%
100.00%

11,358

0.02%
0.92%
12.10%
16.48%
17.89%
15.66%
10.34%
6.72%
4.88%
3.37%
2.57%
3.06%
1.95%
1.19%
1.32%
0.73%
0.32%
0.18%
0.20%
0.09%
0.00%
0.01%
0.03%
100.00%

5
66
135
37
26
10
11
7
4
6
2
1
-

1.61%
21.29%
43.55%
11.94%
8.39%
3.23%
3.55%
2.26%
1.29%
1.94%
0.00%
0.00%
0.00%
0.00%
0.65%
0.32%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

36
765
2,288
777
435
207
117
61
50
43
17
18
16
9
12
6
1
-

0.74%
15.75%
47.10%
15.99%
8.95%
4.26%
2.41%
1.26%
1.03%
0.89%
0.35%
0.37%
0.33%
0.19%
0.25%
0.12%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%

11
139
133
163
132
78
49
43
34
17
28
20
17
15
8
1
2
-

2
104
1,374
1,872
2,032
1,779
1,174
763
554
383
292
347
221
135
150
83
36
20
23
10
1
3

CONDO
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

393

5,074

310

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

4,858

CREB TOWN AND COUNTRY BY PRICE CATEGORY

Nov-11
Month

TOWNS
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

5
50
61
51
55
33
14
8
5
5
5
3
1
1
1
-

298

1.68%
16.78%
20.47%
17.11%
18.46%
11.07%
4.70%
2.68%
1.68%
1.68%
1.68%
1.01%
0.34%
0.34%
0.00%
0.34%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%

Nov-10
Y.T.D.
73
412
872
630
544
401
198
123
72
38
50
43
27
23
17
17
3
2
1
-

3,546

2.06%
11.62%
24.59%
17.77%
15.34%
11.31%
5.58%
3.47%
2.03%
1.07%
1.41%
1.21%
0.76%
0.65%
0.48%
0.48%
0.08%
0.00%
0.06%
0.03%
0.00%
0.00%
0.00%
100.00%

1
18
44
18
24
25
24
28
36
35
42
68
72
49
82
31
14
10
12
6
2
-

0.16%
2.81%
6.86%
2.81%
3.74%
3.90%
3.74%
4.37%
5.62%
5.46%
6.55%
10.61%
11.23%
7.64%
12.79%
4.84%
2.18%
1.56%
1.87%
0.94%
0.31%
0.00%
0.00%

Month
5
23
70
39
24
24
13
4
4
1
4
2
2
1
1
1
-

218

Y.T.D.

2.29%
10.55%
32.11%
17.89%
11.01%
11.01%
5.96%
1.83%
1.83%
0.46%
1.83%
0.92%
0.92%
0.46%
0.46%
0.00%
0.46%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%

70
340
828
587
500
368
200
137
69
53
39
47
32
24
17
12
6
2
3
-

3,334

2.10%
10.20%
24.84%
17.61%
15.00%
11.04%
6.00%
4.11%
2.07%
1.59%
1.17%
1.41%
0.96%
0.72%
0.51%
0.36%
0.18%
0.06%
0.09%
0.00%
0.00%
0.00%
0.00%
100.00%

0.00%
3.85%
1.92%
1.92%
5.77%
3.85%
3.85%
1.92%
9.62%
9.62%
11.54%
23.08%
7.69%
1.92%
7.69%
1.92%
1.92%
1.92%
0.00%
0.00%
0.00%
0.00%
0.00%

5
13
24
22
19
14
34
21
32
37
36
76
73
39
54
38
18
10
9
4
1
1

0.86%
2.24%
4.14%
3.79%
3.28%
2.41%
5.86%
3.62%
5.52%
6.38%
6.21%
13.10%
12.59%
6.72%
9.31%
6.55%
3.10%
1.72%
1.55%
0.69%
0.00%
0.17%
0.17%

COUNTRY RESIDENTIAL (ACREAGES)

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

3
1
1
2
5
4
5
7
6
6
5
4
2
1
2
-

54

0.00%
0.00%
5.56%
1.85%
1.85%
3.70%
9.26%
7.41%
0.00%
9.26%
12.96%
11.11%
11.11%
9.26%
7.41%
3.70%
1.85%
3.70%
0.00%
0.00%
0.00%
0.00%
0.00%

641

2
1
1
3
2
2
1
5
5
6
12
4
1
4
1
1
1
-

52

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

580

CREB
CALGARY METRO
SINGLE FAMILY BY STYLE
November 2011
Style

Listings Added Sales

Inventory

Avg Price

Total Sales Median Price Avg DOM

S$/L$

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

3
75
301
15
2
2
66
12
55
10
15
745
9
8
2

0
23
117
4
0
0
15
1
24
3
6
252
1
6
2

0
26
94
1
0
1
16
2
15
0
4
180
1
4
1

5
96
147
13
12
57
0
1
220

0
37
64
6
4
20
0
0
86

0
27
47
1
1
22
0
1
54

4
38
245
9
1
1
43
11
51
7
15
631
7
23
3

0
7
91
2
0
0
14
5
13
1
2
219
2
3
1

2
5
76
2
0
0
10
3
14
5
2
139
1
5
0

401,281
433,104
599,000

10,433,300
40,711,788
599,000

341,000
405,000
599,000

66
49
26

96.99%
96.59%
94.33%

149,000
458,375
457,500
426,300

149,000
7,334,000
915,000
6,394,500

149,000
439,000
360,000
369,000

30
63
22
53

82.82%
96.99%
96.74%
95.80%

427,500
490,352
1,350,000
761,725
369,900

1,710,000
88,263,306
1,350,000
3,046,900
369,900

390,000
442,500
1,350,000
555,000
369,900

245,343
263,780
328,000
238,500
274,167

6,624,250
12,397,655
328,000
238,500
6,031,674

246,200
261,000
328,000
238,500
275,000

46
43
50
33
62

96.75%
96.61%
96.50%
94.64%
94.99%

213,000
293,875

213,000
15,869,250

213,000
272,750

84
57

93.63%
95.82%

556,500
434,700
527,068
965,000

1,113,000
2,173,500
40,057,200
1,930,000

490,000
463,500
469,000
850,000

91
79
46
33

95.14%
97.19%
97.37%
96.26%

582,300
463,583
396,314
738,400
344,250
688,640
1,500,000
1,348,750

5,823,000
1,390,750
5,548,400
3,692,000
688,500
95,720,927
1,500,000
6,743,750

556,000
495,000
392,500
516,000
330,000
550,000
1,500,000
880,000

55
29
54
60
30
47
23
79

96.43%
96.99%
97.30%
95.14%
89.44%
96.07%
96.77%
94.48%

BK-SP
4
1
3
324,667
974,000
327,000
BLEVL
37
18
12
364,917
4,379,000
347,000
BUNG
123
39
46
392,134
18,038,159
346,000
BUNGH
2
0
1
185,000
185,000
185,000
SPLT2
37
14
8
840,625
6,725,000
447,000
SPLT3
8
2
0
SPLT4
29
16
10
333,300
3,333,000
322,000
ST1.5
5
4
1
487,500
487,500
487,500
ST2
454
143
108
418,073
45,151,905
393,000
ST2.5
2
0
1
655,000
655,000
655,000
ST3
1
0
0
VILLA
3
1
0
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.

52
51
49
30
58

96.93%
97.51%
95.94%
92.55%
96.93%

40
30
58
29

96.92%
95.61%
97.75%
98.20%

93 93.97%
51 96.98%
1 90.30%
21 95.23%
7 100.00%

NE
BK-SP
BLEVL
BUNG
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2

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

SE

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

Listings Added

Inventory

Sales

Avg Price

Total Sales

Median Price

Avg DOM S$/L$

242
6
13
24
3
2
1
3
15
2
134
1
16
2

88
1
5
9
2
1
0
3
6
1
57
1
3
1

45
1
0
7
0
0
2
0
3
0
32
0
2
1

233,340
190,000

10,500,305
190,000

230,000
190,000

52 96.22%
23 95.05%

276,271

1,933,900

221,000

38 95.64%

349,400

698,800

288,800

97 97.19%

292,107

876,320

289,000

41 97.65%

317,950

10,174,411

295,000

50 97.58%

396,500
385,000

793,000
385,000

218,000
385,000

46 93.87%
72 96.27%

58
2
1
4
8
2
1
47
2
2

16
0
1
2
2
0
1
19
1
0

10
0
0
1
1
0
0
16
0
0

168,290

1,682,900

155,000

80 96.27%

150,000
257,000

150,000
257,000

150,000
257,000

52 93.81%
39 95.26%

163,525

2,616,400

155,000

57 96.70%

612
29
0
6
26
12
12
1
0
12
3
2
160
4
30
13

198
8
1
3
8
6
5
1
0
1
2
0
53
3
4
3

162
2
0
0
7
4
2
0
1
4
0
0
48
0
6
2

263,338
390,000

42,660,780
780,000

231,000
330,000

55 96.18%
92 92.32%

319,360
366,250
445,000

2,235,520
1,465,000
890,000

339,000
360,000
410,000

66 95.92%
58 95.57%
56 93.88%

167,500
295,750

167,500
1,183,000

167,500
298,000

21 93.11%
96 95.49%

324,158

15,559,562

320,000

59 96.87%

416,640
577,500

2,499,837
1,155,000

389,000
555,000

84 97.97%
60 95.06%

71
1
3
6
2
3
1
1
58
1
2
2

16
0
0
4
0
1
1
0
21
0
0
0

17
0
0
2
0
0
0
0
15
0
0
0

225,553

3,834,400

220,000

46 97.29%

315,500

631,000

291,000

13 97.87%

273,955

4,109,329

275,333

71 98.25%

CREB - COMMERCIAL SUMMARY

Year to Date
30-Nov-11
Sold or
Leased

Avg Price or
Lse / M2

Type

Sold or
Leased

BUS
IND
OFC

L
L
L

1
22
19

4.49
8.82
13.32

44
81
110

RET
AGR
BUS
BWP
IND

L
S
S
S
S

17
13
72
21
33

16
875,615
90,227
935,747
640,034

LAN
MFC
OFC
RET

S
S
S
S

13
28
21
30

1,079,992
1,122,036
840,819
517,765

Avg DOM

Total Sales

SP / LP

179
107
124
172
137

11,383,000
6,496,349
19,650,690
20,481,100

92.35%
81.08%
85.71%
87.00%

122
67
132
146

12,959,900
31,417,000
17,657,190
13,461,900

83.45%
93.08%
84.68%
89.82%

Avg DOM

Total Sales

SP / LP

38,895,000
6,281,208
9,104,000
22,863,763

86.24%
81.72%
89.50%
92.64%

29,685,300
12,375,000
12,202,290
10,463,435

90.10%
94.40%
88.74%
90.07%

Year to Date
30-Nov-10
Type

BWP
IND
OFC
RET
AGR
BUS
BWP
IND
LAN
MFC
OFC
RET

Leased

L
L
L
L
S
S
S
S
S
S
S
S

Leased

Lse / M2

1
13
16
6
22
72
16
46
32
16
22
21

8.611
9.4051
13.78025
19
1,767,955
87,239
569,000
508,084
927,666
773,438
554,650
498,259

28
103
113
115
108
107
169
105
161
81
116
78

CREB TOTAL MLS

Sales
Inventory
Avg Sale Price

$500,000

Median Sale Price

20,000

$450,000

428,458
410,063

411,295

18,000

419,655

401,941

424,298

424,871

350,000

360,000
344,900

370,633

369,000

360,000

360,000

370,000

$400,000

408,687
365,000

360,000

390,124

16,000

409,729

408,501
411,786

409,579

360,000

355,000

367,000

$350,000

# Sales/Inventory

14,000
$300,000
12,000

11971

11938

11650

11885

11784
11064

10855

$250,000

10043

10,000

9439

9615
8929

$200,000

8070

8,000

7189

$150,000

6,000

$100,000

4,000
2,000

1964
1495

1283

2344

2173

2308

2506

2047

1993

1884

1739

Aug-11

Sep-11

Oct-11

1341

1731

$50,000
$0

Nov-10 Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Nov-11

Average/Median Sales Price

22,000

CREB ABSORPTION RATE

TOTAL MLS

12

10
30

10
8
6
4

Balanced Market
2
0
Nov-08 Jan-09 Mar-09 May-09 Jul-09

Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10

Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11

Sep-11 Nov-11

Absorption Rate = Inventory / Sales

CREB TOTAL MLS

16,000

Inventory

Sales

14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11

CREB TOTAL MLS

New Listings

7,000

10
30

Sales

6,000
5,000
4,000
3,000
2,000
1,000
0
Nov-08 Jan-09 Mar-09May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11May-11 Jul-11 Sep-11 Nov-11

CREB TOTAL MLS INVENTORY AS OF

MONTH END
20,000
18,000
16,000
14,000

9,439

9,615

12,000
10,000
8,000
6,000
4,000
2,000
0
Nov-10

Nov-11