Calgary Housing Stats - November 2019

Calgary is still in a buyer's market.

Total sales in November 2019 were 1,160, down 1.02% from the past November. A Median sale price of $400,000 reflects an increase of 0.85% from November 2018. The number of new listings was 1,848 and total inventory was 5,858, down 10.35% from the same time last year.

A decrease in number of new listings helped to ease the amount of oversupply in November. According to CREB® chief economist Ann-Marie Lurie, “Achieving more stable conditions will take time. Sales activity has been settling in at lower levels and is likely being influenced by the economic conditions and uncertainty weighing on our market. While the amount of supply in the market continues to ease, the persistent oversupply continues to weigh on prices.”

For a more detailed report of area, property type, days on the market and other data, please don’t hesitate to contact us and we’d be more than happy to provide you with whatever information you’re looking for.

Above data applies to real estate sales in Calgary, Alberta and is courtesy of the Calgary Real Estate Board.