Weekly Market Update – March 3, 2009
Filed Under Calgary Real Estate Stats, Weekly Market Update · Tagged: Calgary Real Estate Stats, Weekly Market Update
calgary real estate stats weekly market update
The listing count over the last week has declined, while the sales have risen. This is a good thing, and hopefully is a move towards a more balanced market. The absorption rate in Calgary went from just under 10 months worth of inventory in calgary in January 2009 to under 7 months currently. Again this is another move towards a balanced market.
“Affordability is the silver-lining in this market. With low interest rates, broad selection and improved affordability, buying opportunities have not been this strong in years.”said Calgary Real estate board presidents Wegerich.
The interest rates also just dropped today down to prime down to 2.5%, which in my mind is basically free money when borrowing…
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