The Calgary Real Estate Board has released its latest batch of real estate statistics following the month of February. Here are some of the highlights from their report, which you can read in full by clicking here:

"Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month" (The Calgary Real Estate Board)
"With 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006" (The Calgary Real Estate Board)
"While sales activity remained stronger than long-term trends and levels reported throughout the 2015 to 2020 period, new listings fell below long-term trends" (The Calgary Real Estate Board)
"The unadjusted benchmark price increased by nearly two per cent over January levels and last year’s prices" (The Calgary Real Estate Board)

Calgary Real Estate Board Chief Economist, Ann-Marie Lurie, notes, "While higher lending rates are impacting sales activity as expected, we are seeing a stronger pullback in new listings, keeping supply levels low and supporting some stronger-than-expected monthly price gains. Prices are still below the May 2022 peak and it is still early in the year. However, if we do not see a shift in supply, we could see further upward pressure on prices over the near term.”

Are you ready to make your move? Contact Team Ken Richter today at Ken@KenRichter.com or 403-630-6363.

(Image created via Canva)

February 2023 Calgary Real Estate Market Statistics Update