Calgary Housing Stats - May 2019

Calgary's real estate market is still considered a buyer’s market.

May saw a total of 1,921 sales in Calgary, up by 11.36% from May of the previous year. The Median sale price is $420,000, down 1.87% from May of 2018. Total number of new listings was 3,418, up from April which saw 3,125. Total inventory was 7,467, down 11.72% from the same time in 2018.

The increase in sales (particularly those under $500,000) and a decline in new listings, is helping to ease the pressure on inventory levels. However, the market is still oversaturated and in favour of the buyer.

“While sales activity remains low based on historical activity for May, the easing prices have brought some people back to market, while also preventing some others from listing their homes,” said CREB® chief economist Ann-Marie Lurie. “This has started to push the market towards more balanced conditions. If this trend continues, it could limit some of the downward pressure 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.