Quote:
Originally Posted by Realtor 1
As I expected and mentioned numerous times throughout March... the most recent stats would surprise some doom and gloomers.
First post in this thread has been updated and you need to subscribe if you want the full package but...
Inventory levels drastically came down
Detached home prices are up 4% from February
Active listings remain high granted many of them are stale while there were over 500 more sales in March than there was in Feb.
Homes are spending 11 more days on the market compared to this time last year.
29 year average increase in Calgary residential sales is 6.73% .... far from falling off a cliff type of growth IMO.
Dont get me wrong... it is not all peachy out there and I know a ton of people have lost or will lose jobs but re reading some posts in this thread..... we have a long ways to go to reach a 30% decrease in housing values......very long.
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Inventory is up 87%
Sales are down 28%
March sales are always higher than february. Why even bring that up?
Where is the suprisingly good news? Surely can't be the sales being down 51% so far this month.
http://www.creb.com/Seller_Resources...ng_Statistics/