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February 2019 Real Estate Market Update

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February 2019 Real Estate Market Update

Calgary economic climate continues to create weak sales activity and elevated inventory in the city’s housing market.

As of February, citywide benchmark price was $414,400. This is nearly 5% below last February, slightly lower than last month’s figures and over 10% below highs recorded in 2014.

While the market remains oversupplied, slower sales and price declines do appear to be influencing sellers. New listings this month eased by 8% and total number of sales dropped by 10% compared to last year.

Below is a detailed activity for Calgary .

Source: CREB

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