The new year began with 1,267 fewer homes on the Calgary market than the previous year and the lowest December month-end inventory since at least 2006. That’s a -31.8% reduction year-over-year spread remarkably even across all three market segments:
- Single family homes: -31.3%
- Condo-apartments: -31.3%
- Condo-townhomes: -35.3%
Early this month we’ve seen the amount of new listings rise from last January – but that is negated by the even larger increase of sales. We’ll have a more accurate picture in a couple days when I have the first week of January update posted.