Market Update

Calgary Real Estate Market: December 2018

Calgary Real Estate Market: December 2018

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.

Calgary Real Estate Market: September 2018

Calgary Real Estate Market: September 2018

Calgary real estate and housing market for October 2018. Brought to you by REALTORS® at Renzo Real Estate (Brokerage) in Calgary, Alberta.

The Calgary housing market continues to see a decrease in sales and an increase in inventory levels with some notable changes in the detached market, apartment sector, and semi detached market. Learn more about setting yourself up for success with buying or selling real estate in Calgary.

Calgary Real Estate Market: August 2018

Calgary Real Estate Market: August 2018

Calgary real estate and housing market for August 2018. Brought to you by REALTORS® at Renzo Real Estate in Calgary, Alberta.

The Calgary housing market continues to see a decrease in sales and an increase in inventory levels. Learn more about setting yourself up for success with buying or selling real estate in Calgary.

Calgary Real Estate Market Update [December 2017]

As we close off 2017, the Calgary real estate market saw an uptick in sales. This is great news as it is showing there is consumer confidence in the Calgary market. On the other side of the coin, inventory increased causing downward pressure on prices. 

From The Calgary Real Estate Board:

"Sales activity for all product types improved in December and pushed monthly sales to long-term averages for the second month in a row. However, new listings also rose, keeping inventory elevated compared to typical levels for December. With more supply remaining compared to sales, benchmark prices edged down for the fifth consecutive month. “Many of the economic indicators continue to post modest improvements, including improving sales. However, demand gains have not outpaced the additional supply coming into the housing market. This is creating some of the bumpiness in terms of price recovery,” said CREB® chief economist Ann-Marie Lurie, who added that prices have stayed comparable to last year. The gap between detached supply to demand closed in the first half"