Calgary Market Update: November 2018
As we begin the final month of 2018, here’s a look back at how the Calgary real estate market fared in November.
According to CREB’s monthly stats, property listings in Calgary are sitting on the market for an average of 63 days, which is up by over 21 percent compared to a year ago.
Despite the struggling housing market, however, there is some good news for buyers as the average price dropped 4.2 percent while the number of active listings is up 14.4 percent from this time last year.
Overall sales have dipped, though, both from last month and year-over-year. Compared to last month, sales fell by 11.4 percent, while year-over-year, overall sales in Calgary have fallen by 17 percent.