Calgary Housing Stats - May 2020

COVID-19 is still kicking the housing market’s butt, but… things are looking better.

May saw an overall increase from April even though we were still in lockdown. As restrictions are slowly lifted in our province, we should see things improving even more in the coming months.

While there’s still an oversupply of inventory, sellers and buyers seem to be returning to the market, particularly in the under $500,000 price range. Many buyers in the over $500,000 range have been holding off due to job uncertainty, but as the energy sector begins to show signs of stability, that should change as well.

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.