Calgary Housing Stats - April 2019

Calgary is still experiencing a strong buyer’s market.

In April 2019, there were 1,547 total sales, up 2.18% from April 2018. The Median sale price is $410,000, down 4.76% from the same time a year prior. Number of new listings in April reached 3,125, up from 2,980 in March. Total inventory was 7,063, up from the previous month but down 3.7% from the previous year.

The number of new listings on the market continued to decrease and even though there is still oversupply, there seems to be signs of a more balanced market approaching.

As per CREB® chief economist Ann-Marie Lurie, “Demand remains relatively weak in the resale market. However, if supply levels continue to adjust, this could help reduce the amount of oversupply and eventually support some price stability… Sales have been improving mostly in the lower price ranges, causing tighter supply conditions in that segment. This will likely have a different impact on price trends in the lower price ranges depending on location.”

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.