It looks like the Calgary market has turned the corner, inventory is coming down now. The 3rd week of May appears to have been the high water mark for Absorption Rate and inventories. Knock on wood.

June 14, 2008 Current Listings Sold in Last 30 Days Absorption Rate (?)
Single family (SF) Houses 7091 1413 5.02
Condos 3353 639 5.25
Combined (SF and Condos) 10444 2052 5.09


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Absorption Rate Trend

Inventory and Sales of Last 30 Days

(c) 2008 Andrew Kyle. Feel free to re-use these charts provided you place a link back to this blog or my main website www.AndrewKyle.com.