Calgary Housing Stats - August 2019

The Calgary market continues to favour buyers.

August saw a total of 1,584 sales in Calgary, up 6.24% from this time last year. The Median sale price is $406.750 down 4.51% from 2018. New listings totalled 2,784 while total inventory dropped from the previous month to 7,044, down 13.45% from the prior year.

A higher number of sales in homes under $500,000 and less new listings continues to cause a decline in inventory, helping to shift the market towards more balanced conditions.

“Employment numbers have been improving, but mostly in industries that are traditionally lower paid. This is contributing to the shift that we are seeing in the housing market, with growth being limited to product priced below $500,000,” said CREB® chief economist Ann-Marie Lurie.

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.