Bill & Amy Ewing

The Ewing Team Father - Daughter REALTORS®

Call Bill 403.605.3620
Call Amy 403.862.4556

December market summary from CIR Realty

December Market Summary

With 2016 officially in the record books, we can at least say it ended on a good note.

Decembers total sales were up 6.14% over last Decembers sales, while the listing inventory was down 13.25%. This decrease in listing inventory, and increase in sales, helped keep the market relatively balanced with a 4.04 absorption rate. The benchmark price in December declined -3.84% which also reflects the years decline of -3.84% in the benchmark price dropping to $440,650.

Interestingly enough the $800,000+ market has continued to out perform last year at this time which is actually helping drive the average price for the year up 2.16% to $479,522. It is interesting to see the benchmark price decline while the average price increased. This suggests that while the lower markets are still seeing some market adjustments; the higher end markets that were hit harder seem to be showing signs of recovery.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board
MLS® MLS REALTOR® Realtor
Trademarks used under license from CREA