Year to date statistics

We are just over the halfway point of 2016, so it's time to look at the statistics from the Calgary Real Estate Board (CREB) and compare this year to last year. According to CREB, in 2016 we have had 28 sales in the Vulcan region so far this year. At this time last year, we had 35. Last year at this time, there were 101 new listings, compared to this year when there have only been 70. For all of last year, the average days on market for a property was 125, while in 2016 the average days on market is 144 so far. Note that this is information from the CREB and does not include private sales, or sales registered through other real estate boards. I agree with these statistics. 2015 was a slower year for the local real estate market, and 2016 has been even slower so far. Our inventory of listings is down, but so are the amount of people looking to buy. It will be interesting to see how the last half of the year goes. I still think that we have not seen the bottom of the drop in the market, as there are still layoffs in the energy sector.