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Hey Everyone! Below is a data driven analysis of the Calgary Real Estate Board (CREB) Note: I’ve chosen only to analyze Single Family Home data from CREB. I’ve broken down key metrics that I think are important for you to visually see. Simply reply to this email if you have any questions about learning how much Talk soon, your Mortgage guy Average Sales Price: Here you can see nice year over year gains. This is Single Family Home Absorption rate: The Absorption rate measures how many months it would
take the market to sell every current listing, if no other listings were added to the market. A balanced market is between 2-4 months.You’ll notice the Absorption rate drop during the Spring months, which is typically a more popular time to buy and sell.
Sales To New Listing Ratio: This is a ratio of how many sales happen versus how many new
homes for sale come to market.This stat can be used to look into the future of possible price increases or decreases.
Thank you again and we’ll chat soon,
Chad Moore, your Mortgage guy
403-809-5447
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