Slow recovery expected for real estate market

The Calgary Real Estate Board is predicting a slow recovery in the market for 2011.
Officials say it is a buyers market right now with a lot of supply.
Board President Sano Stante says that sales of existing homes will increase 20 per cent this year however the average price of a single family home will only go up 4 per cent to $480 thousand.
He says the 20 per cent increase in sales is relative to the dramatic drops seen in the market in the past couple of years.