I hope you have been enjoying this spring like weather! I moved in January and have been out planning my new gardens as there are none at this house and my girls are loving their walks and “suntanning” on the deck!
We have another month of a stable market in Calgary. Listings were down in every category March 2019 as compared to March 2018! Contrary to what you keep hearing about a Buyer’s Market it is still difficult as a buyer to find good quality listings and this situation will to continue to get more difficult as there are less properties being listed. Then prices will start to creep up, slowly at first, and then probably increasing very quickly as there will be a shortage of housing for sale. The same situation we faced in the late 1990s after a long recession.
Sales are up in semi-detached and row housing categories year over year which will push the higher price range of sales up. Sales to listings ratio in detached homes stayed consistent and so did benchmarks prices which is an indicator of a balanced market not a buyer’s or a seller’s market which is great for the public whether buying or selling. I am so happy listings were not up in March, the traditional “spring market”, knowing it will lead to a more balanced market. I am enclosing the entire CREB report.
Enjoy the next month, hopefully without snow, but with some rain as it is very dry.
Real Estate Professionals 403-975-0773