December 2011

calgary regional housing market statistics

Year-end figures demonstrate stable growth

2011 a year of steady improvement for the housing market

Calgary Average & Median Price Change Y/Y

Calgary, January 3, 2012 According to figures released today by CREB

(Calgary Real Estate Board), Calgary residential sales in 2011 increased

eight per cent over last year, with 18,568 sales for 2011 compared to
17,267 in 2010.

Recovering from tepid sales activity in the first half of 2011, early
improvements in employment and migration resulted in a pickup in
housing demand in the second half of the year. By the end of June 2011,
year-to-date sales activity had only increased by two per cent compared
to the second half of the year, where residential sales improved by 15
per cent.
While sales activity in 2011 remained below the long run average
by 17 per cent, monthly figures point towards the trend of this gap
narrowing, says Sano Stante, president of CREB.
2011 single family sales totaled 13,186, a nine per cent increase over last
year. While sales increased, listings remained low, with an annual total
of 24,245, six per cent lower than 2010 levels. The decline in listings
relative to sales pushed down inventory levels to 2,761, resulting in four
months of supply.
Meanwhile, the condominium market recorded declining sales for
nearly half of the year, but favorable pricing and improved economic
conditions pushed sales up by double digit rates for the second half of
the year. 2011 condo sales totaled 5,382, a 4 per cent increase over the
previous year. The rise in sales was complemented by an annual 12
per cent decline in listings. This helped to tighten the condominium
market, causing inventories to decline to 1,287 and months of supply to
remain just above four months.
The demand recovery in the condominium market lagged the single
family market, as price adjustments in both the single family and
condominium markets resulted in more selection for consumers,
Stante says. For the first time in several years, consumers had additional
selection of single family homes at a lower price range, which directly
competed with the condominium market.
Single family average price in 2011 reached $466,402, a one per cent
increase over last year. While there have been some strong monthly
increases, primarily due to sales in the upper end skewing the prices,
overall prices have remained fairly stable. Meanwhile, the year-end
median price of 405,000 remains at levels similar to 2010.
Condominium prices have remained persistently low in 2011, while
some of the monthly figures have been boosted by high end penthouse
sales. By the end of 2011, the average price of $287,172 remained one per
cent lower than the previous year.
Throughout 2011, elevated levels of inventories have limited price
growth as consumers benefitted from sufficient supply of housing
to choose from; however, as these inventories drop to levels more
consistent with a balanced market, we can expect some moderate price
growth moving forward, Stante concludes.

Calgary Single Family & Condo Sales YTD

CITY OF CALGARY SINGLE FAMILY AND CONDOMINIUM SALES YEAR TO DATE
30000
25000
20000
15000
10000
5000
0

Single Family Sales YTD

Condominium Sales YTD

10 Year Average

Source: CREB

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

Dec-11

Dec-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

2,761
760
722
58
453,629
393,750

2,712
743
733
59
441,364
389,000

1.81%
2.29%
-1.50%
-1.94%
2.78%
1.22%

n/a
24,245
13,186
46
466,402
405,000

n/a
25,697
12,091
43
461,132
406,000

n/a
-5.65%
9.06%
6.98%
1.14%
-0.25%

CONDOMINIUM (Calgary Metro)

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

1,287
324
310
65
280,155
257,875

1,429
369
318
62
283,059
260,000

-9.94%
-12.20%
-2.52%
3.69%
-1.03%
-0.82%

n/a
10,022
5,382
54
287,172
261,500

n/a
11,424
5,176
48
289,905
266,500

n/a
-12.27%
3.98%
12.50%
-0.94%
-1.88%

TOWNS (Outside Calgary)

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

2,093
349
217
89
356,470
331,300

1,913
364
190
89
327,583
309,950

9.41%
-4.12%
14.21%
0.87%
8.82%
6.89%

n/a
9,213
3,763
79
353,970
334,626

n/a
8,829
3,524
71
359,414
332,500

n/a
4.35%
6.78%
11.27%
-1.51%
0.64%

COUNTRY RESIDENTIAL (Acreages)

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

703
100
48
106
816,853
755,000

623
61
26
105
775,112
759,500

12.84%
63.93%
84.62%
1.16%
5.39%
-0.59%

n/a
2,646
689
103
807,765
738,500

n/a
2,390
606
92
812,310
725,000

n/a
10.71%
13.70%
11.96%
-0.56%
1.86%

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

473
33
9
176
320,106
335,000

427
39
7
103
588,714
332,000

10.77%
-15.38%
28.57%
70.62%
-45.63%
0.90%

n/a
1,063
194
133
443,519
360,000

n/a
1,051
214
131
426,197
332,000

n/a
1.14%
-9.35%
1.53%
4.06%
8.43%

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

7,460
1,586
1,312
68
407,637
355,000

7,189
1,588
1,283
67
390,124
344,900

3.77%
-0.13%
2.26%
1.58%
4.49%
2.93%

n/a
47,635
23,340
56
414,836
362,500

n/a
49,888
21,778
51
410,467
360,000

n/a
-4.52%
7.17%
9.80%
1.06%
0.69%

*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

Dec-11
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

Month
-

722

0.00%
1.80%
15.10%
18.28%
16.34%
11.36%
9.70%
5.96%
5.40%
4.43%
1.94%
3.74%
2.49%
1.25%
1.11%
0.69%
0.28%
0.00%
0.00%
0.00%
0.00%
0.00%
0.14%
100.00%

2
71
131
36
30
17
8
8
4
1
1
1
-

0.65%
22.90%
42.26%
11.61%
9.68%
5.48%
2.58%
2.58%
1.29%
0.32%
0.00%
0.00%
0.00%
0.32%
0.32%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

13
109
132
118
82
70
43
39
32
14
27
18
9
8
5
2
1

Dec-10
Y.T.D.
1
174
1,760
2,138
2,276
1,880
1,311
853
626
457
380
464
302
142
177
117
41
34
25
18
4
4
2

13,186

0.01%
1.32%
13.35%
16.21%
17.26%
14.26%
9.94%
6.47%
4.75%
3.47%
2.88%
3.52%
2.29%
1.08%
1.34%
0.89%
0.31%
0.26%
0.19%
0.14%
0.03%
0.03%
0.02%
100.00%

48
1,132
2,303
750
490
220
174
71
54
36
29
23
21
5
12
9
2
1
1
1

0.89%
21.03%
42.79%
13.94%
9.10%
4.09%
3.23%
1.32%
1.00%
0.67%
0.54%
0.43%
0.39%
0.09%
0.22%
0.17%
0.04%
0.00%
0.02%
0.02%
0.00%
0.00%
0.02%

Month
-

Y.T.D.

733

0.00%
1.77%
16.37%
18.69%
17.60%
14.05%
9.00%
5.05%
3.82%
3.14%
1.77%
2.73%
1.77%
1.50%
1.50%
0.41%
0.41%
0.27%
0.14%
0.00%
0.00%
0.00%
0.00%
100.00%

12,091

0.02%
0.97%
12.36%
16.62%
17.87%
15.57%
10.26%
6.62%
4.81%
3.36%
2.52%
3.04%
1.94%
1.21%
1.33%
0.71%
0.32%
0.18%
0.20%
0.08%
0.00%
0.01%
0.02%
100.00%

2
80
136
39
26
13
3
3
7
3
2
1
1
2
-

0.63%
25.16%
42.77%
12.26%
8.18%
4.09%
0.94%
0.94%
2.20%
0.94%
0.63%
0.31%
0.00%
0.31%
0.63%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

38
845
2,424
816
461
220
120
64
57
46
19
19
16
10
14
6
1
-

0.73%
16.33%
46.83%
15.77%
8.91%
4.25%
2.32%
1.24%
1.10%
0.89%
0.37%
0.37%
0.31%
0.19%
0.27%
0.12%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%

13
120
137
129
103
66
37
28
23
13
20
13
11
11
3
3
2
1
-

2
117
1,494
2,009
2,161
1,882
1,240
800
582
406
305
367
234
146
161
86
39
22
24
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

310

5,382

318

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

5,176

CREB TOWN AND COUNTRY BY PRICE CATEGORY

Dec-11
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

Month
6
30
53
36
33
24
7
9
4
3
5
1
1
1
4
-

217

2.76%
13.82%
24.42%
16.59%
15.21%
11.06%
3.23%
4.15%
1.84%
1.38%
2.30%
0.46%
0.00%
0.46%
0.46%
1.84%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%

Dec-10
Y.T.D.
79
442
925
666
577
425
205
132
76
41
55
44
27
24
18
21
3
2
1
-

3,763

2.10%
11.75%
24.58%
17.70%
15.33%
11.29%
5.45%
3.51%
2.02%
1.09%
1.46%
1.17%
0.72%
0.64%
0.48%
0.56%
0.08%
0.00%
0.05%
0.03%
0.00%
0.00%
0.00%
100.00%

1
19
47
20
25
26
25
30
42
37
44
72
81
50
87
37
15
10
13
6
2
-

0.15%
2.76%
6.82%
2.90%
3.63%
3.77%
3.63%
4.35%
6.10%
5.37%
6.39%
10.45%
11.76%
7.26%
12.63%
5.37%
2.18%
1.45%
1.89%
0.87%
0.29%
0.00%
0.00%

Month
1
34
54
34
27
15
10
6
1
1
1
3
1
1
1
-

190

Y.T.D.

0.53%
17.89%
28.42%
17.89%
14.21%
7.89%
5.26%
3.16%
0.53%
0.00%
0.53%
0.53%
1.58%
0.53%
0.53%
0.53%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%

71
374
882
621
527
383
210
143
70
53
40
48
35
25
18
13
6
2
3
-

3,524

2.01%
10.61%
25.03%
17.62%
14.95%
10.87%
5.96%
4.06%
1.99%
1.50%
1.14%
1.36%
0.99%
0.71%
0.51%
0.37%
0.17%
0.06%
0.09%
0.00%
0.00%
0.00%
0.00%
100.00%

0.00%
0.00%
3.85%
3.85%
7.69%
0.00%
0.00%
0.00%
7.69%
15.38%
3.85%
19.23%
7.69%
15.38%
7.69%
0.00%
7.69%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

5
13
25
23
21
14
34
21
34
41
37
81
75
43
56
38
20
10
9
4
1
1

0.83%
2.15%
4.13%
3.80%
3.47%
2.31%
5.61%
3.47%
5.61%
6.77%
6.11%
13.37%
12.38%
7.10%
9.24%
6.27%
3.30%
1.65%
1.49%
0.66%
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

1
3
2
1
1
1
2
6
2
2
4
9
1
5
6
1
1
-

48

0.00%
2.08%
6.25%
4.17%
2.08%
2.08%
2.08%
4.17%
12.50%
4.17%
4.17%
8.33%
18.75%
2.08%
10.42%
12.50%
2.08%
0.00%
2.08%
0.00%
0.00%
0.00%
0.00%

689

1
1
2
2
4
1
5
2
4
2
2
-

26

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

606

CREB
CALGARY METRO
SINGLE FAMILY BY STYLE
December 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

2
49
207
7
2
3
46
10
36
8
12
547
9
6
2

2
13
58
1
0
2
15
3
12
1
4
147
1
0
1

1
19
72
0
0
0
13
1
14
1
3
136
0
0
2

332,500
354,605
462,752

332,500
6,737,500
33,318,150

332,500
341,000
435,000

24
63
54

96.97%
96.37%
96.02%

529,088
246,000
405,064
421,000
562,333
477,787

6,878,138
246,000
5,670,900
421,000
1,687,000
64,978,967

529,888
246,000
355,000
421,000
514,000
438,000

473,500

947,000

415,000

43

96.65%

2
67
119
1
9
9
42
2
166

1
17
48
1
4
1
17
1
54

1
10
39
0
3
2
10
0
53

233,000
236,500
264,195

233,000
2,365,000
10,303,600

233,000
227,500
249,000

166
34
48

94.75%
96.77%
97.08%

375,633
241,500
393,620

1,126,900
483,000
3,936,200

384,400
223,000
280,000

27
73
74

94.80%
97.44%
91.20%

319,729

16,945,638

308,000

55

96.68%

3
27
183
6
1
1
32
8
34
3
12
456
5
16
3

0
6
59
2
0
0
10
2
5
1
4
112
2
4
0

1
6
63
0
0
0
7
0
7
2
2
101
0
2
0

366,500
335,167
530,129

366,500
2,011,000
33,398,158

366,500
326,000
435,000

83
68
55

96.47%
96.34%
95.87%

656,814

4,597,700

637,500

56

95.62%

362,083
435,000
665,050
559,113

2,534,580
870,000
1,330,100
56,470,450

365,000
375,000
270,100
495,000

56
93
4
58

96.68%
95.05%
94.41%
97.19%

2,888,000

5,776,000

726,000

122

90.01%

BK-SP
2
0
1
280,000
280,000
280,000
BLEVL
29
7
9
430,389
3,873,500
390,000
BUNG
91
27
24
447,725 10,745,400
392,000
BUNGH
2
1
1
526,900
526,900
526,900
SPLT2
25
7
11
530,273
5,833,000
444,000
SPLT3
6
1
2
350,000
700,000
335,000
SPLT4
24
6
7
345,571
2,419,000
335,000
SPLT5
0
0
1
350,000
350,000
350,000
ST1.5
2
0
2
266,000
532,000
210,000
ST2
350
89
84
424,377 35,647,700
391,500
ST2.5
2
0
0
ST3
2
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.

28
54
70
164
60
82
55
118
39
59

98.28%
96.21%
96.84%
99.43%
96.27%
95.93%
96.68%
94.62%
95.87%
96.87%

74 97.23%
169 98.48%
59 97.59%
89 101.47%
50 96.19%
58 96.98%

NE
BK-SP
BLEVL
BUNG
BUNGH
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

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

Listings Added Sales

Inventory

Avg Price

Total Sales Median Price Avg DOM

S$/L$

184
3
12
20
3
2
2
2
9
2
0
97
3
11
2

37
1
3
3
0
0
1
2
0
0
0
22
2
1
1

38
1
1
4
0
0
0
2
2
0
0
31
0
0
1

233,441
200,000
239,000
280,825

8,870,770
200,000
239,000
1,123,300

221,000
200,000
239,000
257,500

63 96.23%
44 97.61%
101 100.00%
53 97.11%

163,500
322,000

327,000
644,000

112,000
299,000

20
45

99.15%
97.16%

295,932

9,173,903

300,000

68

96.39%

355,000

355,000

355,000

89

98.64%

62
0
1
5
4
1
0
1
35
1
0

29
0
0
2
1
0
0
1
13
0
0

7
1
0
1
2
1
1
0
14
0
1

159,591
110,000

1,117,135
110,000

161,000
110,000

82
71

94.99%
91.74%

144,000
217,400
94,800
172,000

144,000
434,800
94,800
172,000

144,000
202,500
94,800
172,000

92
83
134
33

96.06%
97.62%
94.89%
95.61%

176,921

2,476,895

152,500

50

96.22%

257,000

257,000

257,000

57

95.22%

463
22
1
5
19
9
8
2
12
4
0
125
3
22
10

114
1
0
2
3
4
0
1
6
1
0
36
0
3
1

116
2
0
1
7
3
2
0
0
1
1
34
1
2
2

289,846
266,750

33,622,159
533,500

255,000
160,000

68
54

95.78%
95.47%

140,000
357,714
373,000
504,000

140,000
2,504,000
1,119,000
1,008,000

140,000
372,000
394,000
500,000

44 100.00%
42 96.33%
57 96.90%
40 95.10%

293,000
215,000
339,308
350,000
435,000
527,500

293,000
215,000
11,536,485
350,000
870,000
1,055,000

293,000
215,000
312,000
350,000
430,000
520,000

8
48
64
38
56
81

97.67%
93.52%
97.16%
94.85%
96.69%
95.92%

50
3
6
1
1
1
46
1
1

11
1
3
0
1
1
12
1
0

14
0
3
1
2
2
7
0
0

240,286

3,364,000

270,000

64

96.19%

261,067
225,000
448,600
333,250
261,974

783,200
225,000
897,200
666,500
1,833,816

234,200
225,000
267,200
268,000
267,500

79
51
62
39
64

98.26%
99.12%
94.95%
96.33%
97.19%

CREB - COMMERCIAL SUMMARY

Year to Date
31-Dec-11
Sold or
Leased

Avg Price or
Lse / M2

Type

Sold or
Leased

BUS
IND
OFC

L
L
L

1
25
24

4.49
9.02
13.74

44
83
131

RET
AGR
BUS
BWP
IND

L
S
S
S
S

18
13
76
22
40

17
875,615
89,412
905,713
614,240

LAN
MFC
OFC
RET

S
S
S
S

15
30
22
34

1,119,011
1,151,633
823,622
482,846

Avg DOM

Total Sales

SP / LP

191
107
124
166
126

11,383,000
6,795,349
19,925,690
24,569,612

92.35%
81.20%
85.78%
87.98%

126
70
128
142

15,666,150
34,549,000
18,119,690
14,485,388

83.75%
93.06%
84.86%
89.29%

Avg DOM

Total Sales

SP / LP

40,995,000
6,758,708
10,529,000
25,715,763

85.32%
81.04%
88.69%
92.87%

39,539,800
12,375,000
12,202,290
11,248,435

90.90%
94.40%
88.74%
88.95%

Year to Date
31-Dec-10
Type

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

Sold or
Leased

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

Sold or
Leased

Avg Price or
Lse / M2

1
13
19
6
23
79
17
53
35
16
22
23

8.611
9.4051
13.906894
19
1,782,391
85,553
619,353
494,534
1,129,709
773,438
554,650
489,062

28
103
105
115
116
112
168
104
158
81
116
81

CREB TOTAL MLS

Sales
Inventory
Avg Sale Price

22,000

$500,000

Median Sale Price

20,000

$450,000
424,298
428,458

409,579

18,000

411,786

410,063

390,124
401,941

408,511

365,000
360,000

16,000
344,900

419,655

408,687

370,000

370,633

369,000

367,000

360,000

350,000

407,637

410,044

$400,000
360,000

355,000

355,000

$350,000

360,000

# Sales/Inventory

14,000
$300,000
12,000

11971

11938

11650

11885

11784
11064

10855

$250,000

10043
9615

10,000

8929

$200,000

8070

8,000

7460

7189

$150,000

6,000

$100,000

4,000
2344
1964

2,000

1283

2173

2308

2506
2047

1993

1884

1739

1341

1729
1312

$50,000
$0

Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Jun-11

Jul-11

Aug-11

Sep-11

Oct-11

Nov-11 Dec-11

Average/Median Sales Price

424,871

CREB ABSORPTION RATE

TOTAL MLS

12

10
30

10
8
6
4

Balanced Market

2
0

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 Oct-11 Dec-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
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 Oct-11 Dec-11

CREB TOTAL MLS

New Listings

7,000

10
30

Sales

6,000
5,000
4,000
3,000

2,000
1,000
0
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 Oct-11 Dec-11

CREB TOTAL MLS INVENTORY AS OF

MONTH END
20,000
18,000
16,000
14,000
12,000

7,189

7,460

10,000
8,000
6,000
4,000
2,000
0
Dec-10

Dec-11