Calgary Housing Stats - April 2020

Yikes, COVID-19 is taking a toll.

Over a month of self-isolation is taking its toll… on everyone and everything. The housing market is no exception, seeing a decline in sales nearly 63% over April of last year. This month saw a total of only 1,425 new listings, down 54.41% from the same time in 2019, with a lowered inventory of 5,565. The Median price was also down from last year by 4.15% at $393,000.

“The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in the energy sector is causing housing demand to fall,” said CREB® chief economist Ann-Marie Lurie. “Demand is also falling faster than supply. This is keeping the market in buyers’ territory and weighing on prices.”

These times we’re living in are unprecedented for us and with so little information available, we all just have to wait and see… and do our part in the meantime.

Take care of yourselves, and please call us if you find yourself in need of anything, we'll do what we can to help.

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.