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Home » Real Estate Stats January 2020

Real Estate Stats January 2020

January 2, 2020 By Calgary Real Estate Board CREB

2020 opens with a slight gain in sales

City of Calgary, February 3, 2020 – 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.

Click to view all Calgary real estate stats from January 2020

“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.

December 2019 real estate stats
February 2020 real estate stats

Filed Under: Calgary Real Estate Stats

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