Calgary Housing Stats - July 2019

The Calgary real estate market is still favouring the buyer.

In July, there were a total 1,646 sales, up 6.4% from July 2018. The Median sale price was $416,500, down 1.65% from the previous year. Number of new listings was 2,720, total inventory was 7,179, down 1.65% from the previous year.

This is the fourth consecutive month in which inventory has declined due to a combination of improving sales and a decline in new listings. Less oversupply is leading the way to more stable prices overall.

According to CREB® chief economist Ann-Marie Lurie, “We are starting to see reductions in supply across the resale, rental and new-home markets. This adjustment in supply to the lower levels of demand will support more balanced conditions. It is starting to support more stability in prices. If this continues, the housing market should be better positioned for recovery as we move into 2020.”

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.