all posts marked CREB Market Statistics

A brief summary of the real estate activity for May 2019

Thursday, June 6, 2019Norm Rousseauposted in CREB Market Statistics

Detached

• Detached sales in May totalled 1,182 units. This is a 12 per cent increase over last year, but still 13 per cent below long-term averages. The improvement in sales was driven primarily by gains in homes priced under $500,000. • Sales activity increased across most districts in May. However, year-to-dates sales have only increased in the East, South and North East districts of the city. Citywide sales remain one per cent lower than last year’s levels.Capture2

Calgary Real Estate Board April Stats

Thursday, May 2, 2019Norm Rousseauposted in CREB Market Statistics

City of Calgary, May 1, 2019 – There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels. image







The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared to last year.

CREB Stats for March 2019

Tuesday, April 2, 2019Norm Rousseauposted in CREB Market Statistics

Oversupply persists despite improved sales activity for affordable product

City of Calgary, April 1, 2019. March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors. Shifts in the lower end of the market have not outweighed easing across the higher priced product. First-quarter sales dropped to 3,108 units.

WHAT A GREAT TIME TO BUY A HOME!

Thursday, January 3, 2019Norm Rousseauposted in CREB Market Statistics

Media release:

Job market weakness and lending restrictions a common thread in 2018’s housing market

City of Calgary, January 2, 2019 – Calgary Real Estate Board

As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December.

“Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year,” said CREB® chief economist Ann-Marie Lurie.

Downward Trend

HOUSING MARKET FACTS CREB NOV. 2018

Wednesday, December 5, 2018Norm Rousseauposted in CREB Market Statistics

Detached

• Detached sales declined across all districts in November. With citywide sales of 679 units, activity remains 21 per cent below Housing Market Facts for November 2018 with typical levels for the month.

• New listings eased by three per cent compared to last year, due to declines mostly in the North East, North and South East districts. Year-to-date new listings this year have increased in all areas except the North East and East districts.

• Inventories in the detached sector totalled 3,491 units, 26 per cent higher than last year’s levels. Months of supply sits at five months, well above the three-month typical for November.

• Detached benchmark prices totalled $486,000 in November, a one per cent decline over last month and a three per cent decline over last year. This is nearly seven per cent below monthly highs recorded in October 2014.

• Prices have eased across all districts in November. On a year-to-date basis, the largest declines this year have occurred in the North East and North districts. This is likely due to the increased competition from the new-home sector. The districts that remain furthest from price recovery are the North West and South districts.

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