Calgary Housing Market Set For Gradual Spring Thaw
Posted by Jeff Mikolajow on
Higher priced homes selling faster as listings trend downÂ
Calgary, May 2, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), City of Calgary year-to-date sales declined by 4 per cent compared to the first four months of 2010. The decline was offset by a 14 per cent drop in listings recorded over the same period, resulting in lower inventory levels, and a moderate growth in average prices.
In April 2011, single family home sales were 1,217, while 2,299 listings came to market, a decline of 10 percent over April 2010 and 25 per cent, respectively. Inventory levels rose slightly over March 2011 levels, but remained well below inventories recorded in April 2010, and close to the long term average, indicating the market…
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