Calgary Home Sales: Mid-May Update
(May 15 2017) After the first 2 weeks of May, sales have increased in all Calgary property segments month-to-date.
Confidence in a real estate market is a funny thing: It evaporates quickly and returns very slowly. With oil stabilizing around $50 per barrel, confidence has returned to most property sectors in Calgary, most notably detached single family homes.
Below are current sales and listing inventories for May MTD as well as well as last months numbers.
Detached Single Family Home Segment
Detached Calgary market segment represent 64% of all Calgary MLS® sales, and have increased 13.2% MTD vs last May. While the number of new listings has risen 12.6% vs last year, the total number of listed…