Calgary Housing Stats - February 2020

Things are looking up for Calgary.

February scored an extra day this year and the numbers reflect it. The number of total sales was 1,197, up 23.02% from the previous year. The median sale price was $412,500, up 3.32% from the same time in 2018. New listings totalled 2,518, bringing the inventory to 5,494.

CREB® chief economist Ann-Marie Lurie had this to say…“Calgary is continuing to see slow reductions in the amount of oversupply in the market, from modest changes in demand and reductions in supply. This needs to occur before we can see more stability in prices.”

It’s important to note that even though things are looking better for the Calgary housing market, prices overall remain nearly 11% below the monthly high recorded in 2014.

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.