The residential, single family real estate market especially, and the Condo market in Calgary, and area, have taken on the characteristics of a buyer's market in most communities. Although listing inventory has now fallen substantially in late 2007 when compared with the October and November listing figures, the typical bump in sales in early 2008 may not materialize. Sales activity, and prices, of single family homes, and condos, has declined considerably over the latter part of 2007, and that trend may continue as the Calgary market as a whole is faced with serious affordability issues now, and for the forthcoming year of 2008. The inner city condo market, and country residential, remain strong, however.

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