Quote:
Originally Posted by Sylvanfan
Hmm, I'm a bit surprised that there were more sales in May of 2009 than in 2008. I would guess the value of the sales from 2008 was higher than the 2009 total. In May of 2008 prices were still pretty high but the recession really hadn't sunk it's teeth into Calgary yet. Whereas May 2009 it was well in effect, although the lending rates were extremely low too.
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I believe free money had started at that point. Historical numbers here, halfway down the page:
http://www.findcalgary.ca/listings?p...=127&pageId=19
May 2009
Average: $436
Median: $390
# Sold: 1584
May 2008
Average: $480
Median: $419
# Sold: 1368