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Junuary 2019 Real Estate Market Update

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Junuary 2019 Real Estate Market Update

Calgary real estate

Slow start to the year does not come as a surprise, as concerns about Calgary economy weigh on consumers. It is anticipated that slow real estate market conditions will persist throughout much of the first quarter.

All sales dropped 16% compared to last year. Citywide residential benchmark price eased to $414,800 in January. This is nearly 1% lower than December figures and 4% below January 2018 level. Average days on the market increased to 72.

Below are CREB monthly statistics for January 2019 for each municipality.

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