Calgary Real Estate Supply & Demand January 2008 February 2, 2008Posted by DustinRJay in supply and demand.
Tags: Calgary real estate, Calgary real estate forecast, CREB predictions, January 2008 housing statistics
A review of supply and demand is important in understanding the direction of house prices. The following graph shows the recent trends of inventory and year over year sales. In summary, the market has changed dramatically from last year:
Current inventory is more than double January 2007
Sales are down more than 30% year over year
Please feel free to post your own interpretation.