Calgary Housing Stats - January 2020

The Calgary real estate market continues to favour the buyer.

January saw a total sales of 863, up 7.74% from the same time last year. The median sale price was $400,000, up 2.43% from January 2018. New listings totalled 2,358. Total inventory was 5,054, down 8.04% from the previous January, but up by over 500 from the previous month.

While seeing a slight gain in sales, we are also seeing an increase in inventory, new listings and price drops.

“A persistent slowdown in the energy sector has resulted in a reset in many aspects of our economy. This includes the housing market. We continue to see the slow adjustment to more balanced conditions, but it will take time before that starts to translate into price stability,” according to 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.