February 2019 Real Estate Market Update

Share on facebook
Share on google
Share on twitter
Share on linkedin

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

Leave a Replay

If you have questions I’ll be happy to answer them in detial!

Close Menu