May 2011

calgary regional housing market statistics
INNER CITY HOUSING MARKET LEADS IN SALES

Total Single Family Months of Inventory

Buyers find value in inner city communities
Calgary, June 1, 2011 – According to figures released today by CREB®
(Calgary Real Estate Board), year-to-date residential sales in the inner
city grew nearly 4 per cent, outperforming the city wide average. City of
Calgary residential sales totaled 1,816 in May 2011, a 2 per cent increase
in volume over May 2010. However, slower early spring sales resulted
in the overall year-to-date sales being 3 per cent lower than the 2010
spring market.

Total Single Family Months of Inventory Calgary

10.00 
9.00 
8.00 
7.00 
6.00 
5.00 
4.00 
3.00 
2.00 
1.00 

Single Family Months of Inventory

As the city grows, improvements in the inner city communities are
consistent with changing preferences in lifestyle options.

Total Condominium Months of Inventory

“Consumers are looking for shorter commute times to work and easy access
to a wider range of services provided by these inner city communities,”
says Sano Stante, president of CREB®.
10.00

“Many of these communities are surrounded by abundant amenities such
as parks, mature trees, diverse shopping and transit which appeals to a
wide range of consumers; furthermore, inner city homes can be considered
a stable real estate investment, as there is significant value in land located
near the city’s core.”

LR Average

Total Condomnium Months of Inventory Calgary

9.00
8.00
7.00
6.00
5.00
4.00
3.00
2 00
2.00
1.00
0.00

Condo Months of Inventory

LR Average

The average price for single family homes in May 2011 was $489,482 and
the median price $423,000, comparable to levels recorded last year. Single
family home sales were 1,313 in May 2011, a 5 per cent increase over last
year, while 2,552 listings came to market, a 14 per cent decline over the
same period last year.
The decline in listings has caused inventory levels to come down to 4,616
units, an 18 per cent decline from last year. Moderate sales and a reduction
in inventory have resulted in a decline in months of supply compared to
May 2010.
To date, the single family market has fared better than the condominium
market, as prices have come down from peak levels recorded in 2007
providing individuals more options with regard to home ownership, noted
Stante. After the first five months of the year, single family home sales
were 5,835 units, consistent with sales levels during the same time frame
last year.
“With just under four months supply, we expect single family home prices
to remain stable in the coming months,” says Stante. “Provided that interest
rates remain moderated, we are positive about the near term stability and
recovery in the Calgary real estate market. ”
“While condominiums continue to experience some decline in sales
and prices, the rate of decline seems to be easing, indicating signs of
improvement in this market” adds Stante.
The inventory of condominiums continues to remain higher than average,
but has declined by 21 per cent from levels recorded in May 2010.
Condominium sales were 503 for May 2011, 3 per cent lower than last
year’s figures. Year-to-date condominium sales are 11 per cent lower than
last year’s levels, however, listings have declined by 19 per cent as well over

the same time frame, placing downward pressure on
inventories.
“Full time employment growth has been sluggish in
Calgary, with only notable improvements occurring in
April,” says Stante. “All indications point to the trend
that as full-time employment growth takes hold in the
later portion of the year, so too will improvements in
migration, ultimately translating into improvements in
the housing market.”
About CREB®
CREB® is a professional body of more than 5300 licensed brokers
and registered associates, representing 244 member offices. CREB®
is dedicated to enhancing the value, integrity and expertise of its
REALTOR® members. Our REALTORS® are committed to a high
standard of professional conduct, ongoing education, and a strict Code
of Ethics and standards of business practice.
Any use or reference to CREB® data and statistics must acknowledge
CREB® as the source. The board does not generate statistics or analysis
of any individual member or company’s market share. Average
price information can be useful in establishing trends over time,
but does not indicate actual prices in centres comprised of widely
divergent neighbourhoods, or account for price differentials between
geographical areas. All MLS® active listings for Calgary and area may
be found on the board’s website at www.creb.com.

CREB® TOTAL MLS® FOR MAY 2011
2011

2010

Mth Chg

**YTD 2011

**YTD 2010

YTD Chg

SINGLE FAMILY(Calgary Metro)
Month End Inventory
New Listings added
Sales
Avg DOM
Average Sale Price
Median Price

4,616
2,552
1,313
41
489,482
423,000

5,649
2,966
1,262
38
483,240
420,000

n/a
-13.96%
4.04%
7.89%
1.29%
0.71%

n/a
11,512
5,835
43
470,616
408,000

n/a
13,005
5,796
36
465,058
415,000

n/a
-11.48%
0.67%
19.44%
1.20%
-1.69%

CONDOMINIUM (Calgary Metro)
Month End Inventory
New Listings added
Sales
Avg DOM
Average Sale Price
Median Price

2,092
1,017
503
49
287,384
268,500

2,656
1,221
518
43
304,662
279,900

n/a
-16.71%
-2.90%
13.95%
-5.67%
-4.07%

n/a
4,829
2,386
52
286,903
262,000

n/a
5,994
2,676
42
291,801
270,000

n/a
-19.44%
-10.84%
23.81%
-1.68%
-2.96%

TOWNS (outside Calgary)
Month End Inventory
New Listings added
Sales
Avg DOM
Average Sale Price
Median Price

3,029
1,045
395
77
343,071
330,000

2,897
941
338
60
363,231
354,000

n/a
11.05%
16.86%
28.33%
-5.55%
-6.78%

n/a
4,308
1,521
79
348,840
325,500

n/a
4,379
1,721
64
358,879
335,700

n/a
-1.62%
-11.62%
23.44%
-2.80%
-3.04%

COUNTRY RESIDENTIAL(Acreages)
Month End Inventory
1,168
New Listings added
349
Sales
73
Avg DOM
123
Average Sale Price
803,008
Median Price
750,000

1,125
289
74
84
864,084
820,000

3.82%
20.76%
-1.35%
46.43%
-7.07%
-8.54%

n/a
1,295
279
108
807,194
750,000

n/a
1,294
285
88
861,258
775,000

n/a
0.08%
-2.11%
22.73%
-6.28%
-3.23%

RURAL LAND
Month End Inventory
New Listings added
Sales
Avg DOM
Average Sale Price
Median Price

646
126
23
140
437,968
330,000

553
103
32
132
439,513
363,000

16.82%
22.33%
-28.13%
6.06%
-0.35%
-9.09%

n/a
495
77
104
408,761
340,000

n/a
495
99
128
422,404
355,000

n/a
0.00%
-22.22%
-18.75%
-3.23%
-4.23%

TOTAL MLS*
Month End Inventory
New Listings added
Sales
Avg DOM
Average Sale Price
Median Price

11,650
5,117
2,315
53
428,475
370,000

12,989
5,542
2,239
45
433,030
375,000

-10.31%
-7.67%
3.39%
17.78%
-1.05%
-1.33%

n/a
22,545
10,138
53
416,251
362,500

n/a
25,323
10,632
45
412,397
365,000

n/a
-10.97%
-4.65%
17.78%
0.93%
-0.68%

*Total MLS includes Mobile Listings
**Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time.

CREB® CALGARY METRO BY PRICE
May-11
SINGLE FAMILY
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

Month
14
138
190
221
206
130
97
68
58
36
49
36
18
23
14
2
6
2
4
1
-

May-10

**Y.T.D.
0.00%
1.07%
10.51%
14.47%
16.83%
15.69%
9.90%
7.39%
5.18%
4.42%
2.74%
3.73%
2.74%
1.37%
1.75%
1.07%
0.15%
0.46%
0.15%
0.30%
0.08%
0.00%
0.00%

1,313

1
75
705
945
1,057
835
593
377
279
204
172
204
134
63
71
50
17
23
15
10
3
1
-

Month
0.02%
1.29%
12.08%
16.20%
18.12%
14.31%
10.16%
6.46%
4.78%
3.50%
2.95%
3.50%
2.30%
1.08%
1.22%
0.86%
0.29%
0.39%
0.26%
0.17%
0.05%
0.02%
0.00%

5,834

1
6
131
192
215
204
146
88
63
35
38
41
25
16
29
12
2
5
6
1
-

**Y.T.D.
0.08%
0.48%
10.43%
15.29%
17.12%
16.24%
11.62%
7.01%
5.02%
2.79%
3.03%
3.26%
1.99%
1.27%
2.31%
0.96%
0.16%
0.40%
0.48%
0.08%
0.00%
0.00%
0.00%

1,256

1
40
622
916
1,010
958
638
410
304
217
164
184
110
63
75
35
13
6
16
3
1

0.02%
0.69%
10.75%
15.83%
17.46%
16.56%
11.03%
7.09%
5.25%
3.75%
2.83%
3.18%
1.90%
1.09%
1.30%
0.60%
0.22%
0.10%
0.28%
0.05%
0.00%
0.00%
0.02%

5,786

CONDO
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

3
92
222
69
49
25
23
4
4
4
3
5
503

0.60%
18.29%
44.14%
13.72%
9.74%
4.97%
4.57%
0.80%
0.80%
0.80%
0.60%
0.99%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

22
500
1,029
329
231
86
72
26
26
15
17
12
13
1
3
2
1
1
2,386

0.92%
20.96%
43.13%
13.79%
9.68%
3.60%
3.02%
1.09%
1.09%
0.63%
0.71%
0.50%
0.54%
0.04%
0.13%
0.08%
0.00%
0.00%
0.00%
0.04%
0.00%
0.00%
0.04%

3
61
238
92
52
28
15
10
4
5
2
2
3
2
1
518

0.58%
11.78%
45.95%
17.76%
10.04%
5.41%
2.90%
1.93%
0.77%
0.97%
0.39%
0.39%
0.58%
0.39%
0.00%
0.19%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

10
391
1,249
463
250
122
63
34
29
23
10
13
9
4
1
2
2,673

0.37%
14.63%
46.73%
17.32%
9.35%
4.56%
2.36%
1.27%
1.08%
0.86%
0.37%
0.49%
0.34%
0.15%
0.04%
0.07%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

**Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time. Older monthly statistics will not reflect
up-to-date changes that naturally occur.”

CREB® TOWN AND COUNTRY BY PRICE CATEGORY
May-11
TOWNS
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999
550,000 - 599,999
600,000 - 649,999
650,000 - 699,999
700,000 - 799,999
800,000 - 899,999
900,000 - 999,999
1,000,000 - 1,249,999
1,250,000 - 1,499,999
1,500,000 - 1,749,999
1,750,000 - 1,999,999
2,000,000 - 2,499,999
2,500,000 - 2,999,999
3,000,000 - 3,499,999
3,500,000 - 3,999,999
Over 4,000,000

Month
18
42
98
72
51
56
15
20
7
3
4
1
4
1
2
1
395

**Y.T.D.
4.56%
10.63%
24.81%
18.23%
12.91%
14.18%
3.80%
5.06%
1.77%
0.76%
1.01%
0.25%
1.01%
0.00%
0.25%
0.51%
0.00%
0.00%
0.00%
0.25%
0.00%
0.00%
0.00%

COUNTRY RESIDENTIAL (ACREAGES)
0.00%
3
4.11%
8
10.96%
3
4.11%
3
4.11%
4
5.48%
0.00%
4
5.48%
550,000 - 599,999
3
4.11%
600,000 - 649,999
0.00%
650,000 - 699,999
4
5.48%
700,000 - 799,999
10
13.70%
800,000 - 899,999
9
12.33%
900,000 - 999,999
3
4.11%
1,000,000 - 1,249,999
11
15.07%
1,250,000 - 1,499,999
2
2.74%
1,500,000 - 1,749,999
2
2.74%
1,750,000 - 1,999,999
1
1.37%
2,000,000 - 2,499,999
2
2.74%
2,500,000 - 2,999,999
1
1.37%
3,000,000 - 3,499,999
0.00%
3,500,000 - 3,999,999
0.00%
Over 4,000,000
0.00%
73
0 - 99,999
100,000 - 199,999
200,000 - 299,999
300,000 - 349,999
350,000 - 399,999
400,000 - 449,999
450,000 - 499,999
500,000 - 549,999

May-10
36
188
397
275
198
163
96
56
26
13
21
14
10
7
9
10
1
1
1,521

2.37%
12.36%
26.10%
18.08%
13.02%
10.72%
6.31%
3.68%
1.71%
0.85%
1.38%
0.92%
0.66%
0.46%
0.59%
0.66%
0.07%
0.00%
0.00%
0.07%
0.00%
0.00%
0.00%

3
10
27
8
7
12
4
11
14
9
18
35
28
20
39
13
7
3
7
4

1.08%
3.58%
9.68%
2.87%
2.51%
4.30%
1.43%
3.94%
5.02%
3.23%
6.45%
12.54%
10.04%
7.17%
13.98%
4.66%
2.51%
1.08%
2.51%
1.43%
0.00%
0.00%
0.00%

279

Month
6
30
73
53
62
50
22
14
6
5
7
4
2
3
1
338

2
5
5
1
3
2
5
1
1
3
4
3
11
6
7
5
3
2
2
2
73

**Y.T.D.
1.78%
8.88%
21.60%
15.68%
18.34%
14.79%
6.51%
4.14%
1.78%
1.48%
2.07%
1.18%
0.59%
0.89%
0.00%
0.30%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

34
171
415
309
282
190
94
80
28
29
21
19
15
14
9
6
1
1
1,718

1.98%
9.95%
24.16%
17.99%
16.41%
11.06%
5.47%
4.66%
1.63%
1.69%
1.22%
1.11%
0.87%
0.81%
0.52%
0.35%
0.06%
0.06%
0.00%
0.00%
0.00%
0.00%
0.00%

2.74%
6.85%
6.85%
1.37%
4.11%
2.74%
6.85%
1.37%
1.37%
4.11%
5.48%
4.11%
15.07%
8.22%
9.59%
6.85%
4.11%
2.74%
2.74%
2.74%
0.00%
0.00%
0.00%

3
13
12
13
7
5
12
7
12
18
16
31
38
22
30
20
9
5
6
2

1.06%
4.61%
4.26%
4.61%
2.48%
1.77%
4.26%
2.48%
4.26%
6.38%
5.67%
10.99%
13.48%
7.80%
10.64%
7.09%
3.19%
1.77%
2.13%
0.71%
0.00%
0.35%
0.00%

1
282

**Year-to-date values in the monthly statistics package will accurately reflect our database at that specific point in time. Older monthly statistics will not reflect
up-to-date changes that naturally occur.”

CREB®
CALGARY METRO
SINGLE FAMILY BY STYLE
May 2010
Style

Inventory

Listings
Added

Sales

3
117
378
13
1
80
10
62
6
24
859
7
11
5

4
67
226
7
1
41
4
39
5
14
461
2
6
3

6
150
217
5
19
6
90
3
329

Avg Price

Total Sales

1
40
128
4
1
22
1
17
3
8
276
4
1
1

320,000
376,423
434,013
666,850
500,000
486,798
600,000
404,096
504,300
462,438
499,109
1,070,750
750,000
442,500

320,000
15,056,938
55,553,650
2,667,400
500,000
10,709,550
600,000
6,869,626
1,512,900
3,699,500
137,754,089
4,283,000
750,000
442,500

5
89
123
3
9
6
45
1
137

0
20
48
0
2
6
15
1
63

263,843
267,856
417,500
280,333
313,467
225,000
301,883

4
44
267
8
1
60
6
59
10
25
762
14
25
9

1
31
185
2
0
40
4
38
5
13
434
8
8
9

0
12
107
4
0
28
3
27
3
7
220
4
1
2

6
37
196
4
51
4
46
3
4
493
1
2

2
19
125
1
33
4
17
0
2
247
0
2

1
15
56
0
18
2
7
0
0
131
0
0

Median Price

Avg DOM

S$/L$

320,000
357,750
402,000
680,000
500,000
450,000
600,000
370,000
556,900
406,500
438,000
853,000
750,000
442,500

19
43
35
90
11
43
21
28
41
37
41
39
83
10

97.56%
97.29%
97.16%
96.41%
98.06%
97.19%
96.00%
97.66%
100.95%
96.34%
97.36%
96.25%
97.42%
98.36%

5,276,850
12,857,100
835,000
1,682,000
4,702,000
225,000
19,018,600

282,000
259,000
365,000
253,000
300,000
225,000
296,500

0
34
43
0
60
39
80
94
38

0.00%
96.67%
96.10%
0.00%
96.12%
96.29%
96.24%
97.87%
96.36%

427,588
520,412
465,500
614,282
475,667
447,028
1,207,917
734,357
667,408
926,081
980,000
661,255

5,131,050
55,684,120
1,862,000
17,199,900
1,427,000
12,069,750
3,623,750
5,140,500
146,829,649
3,704,325
980,000
1,322,509

395,000
450,000
395,000
528,000
425,000
400,000
1,223,750
664,500
542,000
798,325
980,000
637,509

0
26
34
34
0
35
27
32
56
28
43
26
171
33

0.00%
98.20%
97.45%
97.26%
0.00%
97.77%
105.71%
97.14%
89.61%
97.92%
96.88%
94.40%
98.01%
100.00%

365,000
347,536
414,586
556,333
340,000
423,571
447,682
-

365,000
5,213,035
23,216,808
10,014,000
680,000
2,965,000
58,646,400
-

365,000
330,000
367,000
515,000
330,000
427,000
415,000
-

64
33
44
0
50
66
48
0
0
45
0
0

97.33%
97.41%
97.78%
0.00%
97.58%
96.62%
96.60%
0.00%
0.00%
97.57%
0.00%
0.00%

NW
BK-SP
BLEVL
BUNG
BUNGH
BUNGS
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA

NE
BK-SP
BLEVL
BUNG
BUNGH
SPLT2
SPLT3
SPLT4
ST1.5
ST2

SW
BK-SP
BLEVL
BUNG
BUNGH
BUNGS
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA

SE
BK-SP
BLEVL
BUNG
BUNGH
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST3
VILLA

NOTE: The above sales totals and median prices are for detached homes only.These figures do not include:
Residential Attached, Duplex Side by Side, Duplex Up and Down, Townhouse, or Vacant Lot.

CREB®
CALGARY METRO
CONDO BY STYLE
May 2010

Style

Inventory

Listings
Added

Sales

257
23
0
7
24
2
1
2
5
14
6
184
2
17
8

140
11
0
5
10
2
0
1
3
3
4
104
1
4
3

67
6
1
9
5
0
0
3
0
3
2
48
0
2
3

237,552
306,451
88,000
254,778
323,200
307,667
341,667
364,500
320,318
235,500
398,333

15,915,986
1,838,707
88,000
2,293,000
1,616,000
923,000
1,025,000
729,000
15,375,275
471,000
1,195,000

62
3
13
1
2
88
3
2

23
4
8
0
1
35
0
0

9
3
1
0
0
12
0
0

160,056
130,500
105,000
172,542
-

733
34
0
13
45
1
22
21
6
4
21
7
0
163
4
53
17

352
11
0
5
28
0
14
11
2
4
10
2
0
89
2
17
6

179
7
1
1
10
0
3
2
1
1
5
2
1
55
1
3
6

102
4
3
13
1
2
1
6
72
3
4

46
1
1
5
1
0
0
4
37
2
2

22
0
0
1
0
1
1
0
26
0
0

Avg Price

Total Sales

Median Price

Avg DOM

S$/L$

217,500
324,000
88,000
245,000
310,000
327,000
330,000
310,000
296,000
206,000
375,000

58
33
22
47
28
0
0
31
0
48
99
51
0
32
34

96.78%
97.75%
88.09%
97.41%
97.09%
0.00%
0.00%
98.32%
0.00%
97.66%
94.21%
97.76%
0.00%
95.02%
96.89%

1,440,500
391,500
105,000
2,070,500
-

170,000
130,000
105,000
156,000
-

65
50
28
0
0
33
0
0

95.45%
94.16%
87.57%
0.00%
0.00%
96.43%
0.00%
0.00%

281,296
322,250
265,000
182,000
340,790
247,667
456,500
480,500
420,000
271,400
386,500
745,000
337,768
365,000
536,667
501,250

50,351,922
2,255,750
265,000
182,000
3,407,900
743,000
913,000
480,500
420,000
1,357,000
773,000
745,000
18,577,259
365,000
1,610,000
3,007,500

273,000
281,000
265,000
182,000
301,000
243,000
249,000
480,500
420,000
270,000
358,000
745,000
305,000
365,000
615,000
478,500

48
64
20
34
26
0
66
24
15
10
42
15
71
50
22
72
46

96.20%
97.11%
98.18%
97.07%
97.30%
0.00%
96.67%
96.22%
96.12%
97.67%
96.06%
97.26%
98.16%
97.67%
97.36%
96.54%
97.26%

235,923
315,000
475,000
280,500
283,150
-

5,190,300
315,000
475,000
280,500
7,361,900
-

229,000
315,000
475,000
280,500
252,000
-

60
0
0
54
0
185
64
0
44
0
0

96.45%
0.00%
0.00%
98.47%
0.00%
97.96%
98.46%
0.00%
97.44%
0.00%
0.00%

NW
APART
APRTM
BK-SP
BLEVL
BUNG
BUNGH
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST2
ST2.5
ST3
VILLA

NE
APART
BLEVL
BUNG
SPLT2
SPLT4
ST2
ST3
VILLA

SW
APART
APRTM
BK-SP
BLEVL
BUNG
BUNGS
LOFT
PENTH
SPLT2
SPLT3
SPLT4
SPLT5
ST1.5
ST2
ST2.5
ST3
VILLA

SE
APART
APRTM
BLEVL
BUNG
LOFT
SPLT2
SPLT3
SPLT4
ST2
ST3
VILLA

CREB® - COMMERCIAL SUMMARY
Year to Date May 31, 2011
Sold or Avg Price or
Leased
Lse / M2 Avg DOM

Type

Sold or
Leased

IND
OFC
RET

L
L
L

14
14
4

8.75
13.39
21.08

67
103
94

AGR
BUS
BWP
IND
LAN
MFC
OFC
RET

S
S
S
S
S
S
S
S

3
34
10
8
8
11
8
13

313,000
102,446
928,219
511,250
1,069,286
904,636
533,850
880,909

25
129
153
124
164
65
146
160

Total Sales

SP / LP

939,000
3,483,150
9,282,190
4,090,000
7,485,000
9,951,000
4,270,800
9,690,000

91.08%
80.61%
90.67%
87.88%
76.94%
94.54%
73.74%
90.00%

Total Sales

SP / LP

21,441,000
2,319,008
2,397,000
13,498,013
16,780,800
7,748,000
9,521,400
4,882,835

88.09%
83.12%
91.07%
92.08%
89.51%
94.34%
89.58%
85.70%

Year to Date May 31, 2010

Type

Sold or
Leased

Sold or Avg Price or
Leased
Lse / M2 Avg DOM

IND
OFC
RET

L
L
L

8
10
3

AGR
BUS
BWP
IND
LAN
MFC
OFC
RET

S
S
S
S
S
S
S
S

11
27
6
30
17
10
13
8

9.545666
13.0335
19.734
1,949,182
85,889
399,500
449,934
987,106
774,800
732,415
610,354

87
111
78
115
100
230
113
160
97
103
67

CREB ® TOTAL MLS®
MAY 2011

Sales

Inventory

Avg Sale Price

$500,000

Median Sale Price

20000
433,030
411,224

410,708

433,248

18000
375,000

370,000

355,000

# Sales/Inventory

$400,000

360,000

362,000
350,000

14000

389,912

360,000

369,000

370,000

360,000

359,000

$450,000

410,940
409,318

402,225

403,679

395,933

16000

428,475

424,746

416,064

$350,000

350,000

344,000

13459

12989

12865

$300,000
11928

12000

11650

11349
10855

10473

$250,000

10043

10000

9439
8929

$200,000

8070

8000

7189

$150,000

6000

$100,000

4000
2239

2000

2347
1902

1683

1628

1673

1967
1523

1496

1289

2176

2315

$50,000

1349

0

$0
May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Nov-10

Dec-10

Jan-11

Feb-11

Mar-11

Apr-11

May-11

Average/Median Sales Price

22000

CREB® ABSORPTION RATE
TOTAL MLS® MAY 2011
12

10

8

6

4

Balanced Market
2

0
May‐08 Jul‐08 Sep‐08 Nov‐08 Jan‐09 Mar‐09 May‐09 Jul‐09 Sep‐09 Nov‐09 Jan‐10 Mar‐10 May‐10 Jul‐10 Sep‐10 Nov‐10 Jan‐11 Mar‐11 May‐11

CREB® TOTAL MLS® 
MAY 2011
16,000 

Inventory

Sales

14,000 
12,000 
10,000 
8,000 
6,000 
4 000
4,000 
2,000 

May‐08 Jul‐08 Sep‐08 Nov‐08 Jan‐09 Mar‐09 May‐09 Jul‐09 Sep‐09 Nov‐09 Jan‐10 Mar‐10 May‐10 Jul‐10 Sep‐10 Nov‐10 Jan‐11 Mar‐11 May‐11

CREB® TOTAL MLS® 
MAY 2011
New Listings

7,000 

Sales

6,000 
5,000 
4,000 
3,000 
2,000 
1,000 

May‐08 Jul‐08 Sep‐08 Nov‐08 Jan‐09 Mar‐09 May‐09 Jul‐09 Sep‐09 Nov‐09 Jan‐10 Mar‐10 May‐10 Jul‐10 Sep‐10 Nov‐10 Jan‐11 Mar‐11 May‐11

CREB® TOTAL MLS® INVENTORY AS OF 
MAY 2011 MONTH END
20,000
18,000

12,989

16,000

11,650

14,000
12,000
10,000
8,000
6,000
6 000
4,000
2,000
0
2010

2011

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