The latest Calgary real estate statistics have come in from CREB and show that overall inventory of active MLS listings is at a very low level, which is preventing sales growth and causing upward pressure on prices and reduction in days on market.
Tightened housing supply curbs sales volume
First quarter sales improve in condominium market, while declining in single family sector
Calgary, April 2, 2013 – The inventory of active homes for sale in Calgary are the lowest March levels in more than five years. The decline in new listings hampered resale sales growth, which declined by more than two per cent in March compared to March 2012.
New listings in March are five per cent lower than levels recorded in 2012, and five per cent lower after the…