January 1-7, 2013 Calgary Real Estate Market Update

January was the only month in 2012 that didn’t see a year-over-year increase in sales for single family homes.  Early indications are that this January might be similar.

There were 84 SFH sales in the first week of January,  9 fewer than the same period last year and the second slowest start to the year in a decade.

However there were only 308 new listings added compared to 332 in 2012, a decrease of -7.23%.

(click to enlarge image)

Single family home sales (click to enlarge image)

On the other hand, condos were up slightly year-over-year with 47 units selling in the first week and almost spot on the 10-year average.   New listings were down for condo-apartments by -21% and for condo-townhomes by 31%.

Condo sales (click to enlarge image)

Condo sales (click to enlarge image)

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