It looks like the Calgary market has turned the corner, inventory is coming down now. The 3rd week of May appears to have been the high water mark for Absorption Rate and inventories. Knock on wood.
| June 14, 2008 | Current Listings | Sold in Last 30 Days | Absorption Rate (?) |
|---|---|---|---|
| Single family (SF) Houses | 7091 | 1413 | 5.02 |
| Condos | 3353 | 639 | 5.25 |
| Combined (SF and Condos) | 10444 | 2052 | 5.09 |
(c) 2008 Andrew Kyle. Feel free to re-use these charts provided you place a link back to my ActiveRain blog or my website www.AndrewKyle.com.
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Addendum/clarification: My stats are for Calgary city limits only and do not include town and country.
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