The Calgary real estate market has sustained and lengthy setback over the past 4 years. Although Calgary is no stranger to real estate cycles, the most recent downturn is not responding like previous downturns in Calgary. If you look at previous downturns in Calgary, prices and sales have fallen quickly and rebounded quickly. For example, in 2008 prices fell quickly but by mid 2009, prices were pack on the upswing. Calgary’s current real estate market downturn has been a gradual blow over the course of 4 years with further drops anticipated for 2019.
The REALTORS® at Renzo Real Estate, a Calgary real estate brokerage and team brings you the real estate market info, news, trends and predictions for December 2018.
In November 2018, new listings slowed across most sectors, however, the decrease in the home sales was more pronounced. This lead to continued rising inventory in the detached and attached sector. For condos, inventory came down slightly when comparing to this time last year, but prices have continued to fall.
Learn more about the Calgary real estate market and about selling in the winter months.
Finding a Top Calgary REALTOR® is a time consuming task. Going through a REALTOR® directory and searching the most recent reviews are great ways to get started. In this how-to guide, you will learn a step-by-step way find the best agent and real estate company to help you through the buying or selling process. Learn a number of questions you should ask your REALTOR® and learn more about commissions and fees.