January 2019 Statistics
Posted by Ken Richter on
The Calgary Real Estate Board announced its stats for January 2019! Read on for the inside scoop....
As economic challenges linger into 2019, housing markets remain on a sluggish pace.
- In January 804 units were sold. This is 21 per cent below long-term averages for the month of January, and 16 per cent below last January's averages.
- Citywide benchmark prices eased to $414,800 for residential homes, dropping 1 per cent from the previous month of December, and 4 per cent below averages from January in 2018.
- Months of supply now sits at seven months. This is due to yet another increase in inventory, without enough sales to balance the scales. As such, Calgary continues to stay locked in a buyer's market.
CREB® chief economist…
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