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Calgary Home Sales Down; But Is The Market Showing Signs of Recovery?

Posted by John Mayberry on Thursday, July 4th, 2019 at 3:13pm.

Calgary Housing Market 2019Despite sales activity dropping a bit year-over-year, the Calgary Real Estate Board’s latest figures do show some positive signs. According to the most recent states, new listings have dropping by almost 19%, which could suggest oversupply balancing out heading into the rest of 2019 and beyond. 

A housing market recovery is also being driven by homes under $500,000, a segment of the market where demand is stronger and supply has steadily been on decline as more younger home buyers enter the marketplace. 

Even with a higher number of potential buyers looking to make the transition from renting to owning, yea-over-year home sales are still down 6% so far in 2019. 

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