July 2019 Market Statistics
Posted by Ken Richter on
Good news, everyone! We are starting to see a trend emerge: inventory levels are declining, edging off a buyers’ market into more balanced conditions.
The Calgary Real Estate Board (CREB®) reports, "for the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings." While the market still leans towards benefiting buyers, if supply continues to reduce and sales balance out, we should see really strong conditions.
CREB® chief economist Ann-Marie Lurie notes, "we are starting to see reductions in supply across the resale, rental and new-home markets. This adjustment in supply to the lower levels of demand will support more balanced…
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