Active Spring Market in the Calgary Region
With less supply in the single-family market, buyers are making their decisions quicker. As a result we've seen a reduction in the amount of time homes stay on the market and sellers are getting figures closer to their list price. Buyer's are also turning to surrounding areas and the condominium markets, both of which have adequate supply levels and price growth that remain below single-family levels.
The detached benchmark price for May is $427,500 an increase of 6.66% year-over-year. The apartment benchmark price is $245,400 an increase of 0.82% and the attached benchmark price is $277,000 an increase of 2.97%. Overall sales for the month totaled 2,385 units, compared with 1,810 during the same period last year.
Call Jeff Campbell 403-275-3331