The Calgary Real Estate Board released its monthly market statistics package for November. Some highlights and selected charts are below (credit Calgary Real Estate Board www.creb.com), you can download the full report in PDF here.

Sales declined during the month as we were expecting due to the time of the year and concerns over the global economic situation. Compared with this time last year, the median price of a single family home has declined by 5.45% and the median sale price of a condominium has decreased by 7.27%.



The number of homes sold (total MLS) was down about 25% compared with last November, which is consistent with the difference in sales volume year to date (down 26%). Although the volume is down significantly over last year, YTD median prices have declined by much less (3.07% for single family homes and 4.75% for condominiums).