This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s. With the extra day this February, monthly sales totalled 1,197 units. A combination of these two factors resulted in a 23% improvement over last year, but sales remain well below long-term trends and consistent with the lower levels reported over the past 5 years.
Whether your thinking of buying or selling, the market is generally seeing a balanced market or slightly into the buyer's market ranges. Many areas of Calgary that have detached homes under $500,000 are seeing inventory being bought up quickly. Make sure you have a real buying and selling strategy to help you prepare for what could happen when making the move.