Compare Listings

Jan 2020 CREB Stats

Jan 2020 CREB Stats

Housing market conditions continue to follow similar trends to last year, with gains in sales.

At the same time, there have been further reductions in new listings, inventory and more declines in prices.

January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five years.

“A persistent slowdown in the energy sector has resulted in a reset in many aspects of our economy. This includes the housing market,” said CREB® chief economist Ann-Marie Lurie.

“We continue to see the slow adjustment to more balanced conditions, but it will take time before that starts to translate into price stability.”

Citywide unadjusted benchmark prices were $417,100 in January. This is slightly lower than the previous month and nearly one per cent lower than last year’s levels.

Benchmark prices eased, but there were some modest improvements in both the average and median prices. This is likely a reflection of some changes in the distribution of sales.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

img

Kelly Heintz

Kelly started her career in Real Estate in 2008 working as a Legal Assistant for a small law firm. In 2011 she started working with a top producing Realtor, and over the next 7 years turned that business into one of the highest performing teams in Calgary. Kelly’s passion, commitment and dedication for what she does makes her the right agent for her clients – regardless of whether they are buying, selling or investing in real estate.

Related posts

Calgary’s housing market expected to support more stable conditions in 2020

Since the oil price crash, Calgary has faced job losses, wage reductions and tightening national...

Continue reading
Kelly Heintz
by Kelly Heintz

Dec 2019 CREB Stats

December sales improved to levels more consistent with activity recorded over the past five years....

Continue reading
Kelly Heintz
by Kelly Heintz

Nov 2019 CREB Stats

Year-to-date residential sales in the city remain just above last year’s levels due to...

Continue reading
Kelly Heintz
by Kelly Heintz

Join The Discussion