Market Update

Posted by Ken Eddy on Tuesday, May 3rd, 2016 at 2:25pm.

In the trenches...

While we have noticed more activity in the spring market on our listings, year over year sales fell, while new listings increased, resulting in inventory gains across all sectors of the market. As a result, prices in Calgary declined by 0.4 per cent from last month and 3.4 per cent from last year. Seven consecutive months of price declines has sellers starting to re-consider whether to sell their home right now and, if they are going to try and sell, lowering their expectations on price. The detached sector continues to fare better compared to other sectors of the market and apartment condo inventory has risen to a level not seen since 2010. The type of market conditions being experienced continues to depend on what type of property it is and what price range it is in. As always, if you are curious about what is happening with the market in general, or in your specific neighbourhood, please call or email us anytime. We'd love to chat with you about it.

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