May 2013 Calgary Real Estate Market Report

Download CREB’s May 2013 Housing Report: (click here

Record Prices For Single Family Homes

New listings across Calgary fell -2.26% from last May as inventory remained -17.35% below year ago levels.  Combined with a 6.85% increase in sales, it resulted in prices climbing higher across all 3 market categories.

The average price of single family homes price rose to a new record high of $521,887.  The median price also climbed to an all-time high of $454,400.

Single Family Homes
Year-over-Year Comparison, May 2012 in brackets

  • Sales increased 3.46% to 1,766 (1,707)
  • Average price was up 4.03% to $521,887 ($501,684)
  • Median price increased 4.24% to $454,400 ($435,900)
  • Active listings were down -13.82% to 3,311 (3,842)
  • New listings decreased -1.74% to 2,659 (2,706)
  • Days on market:  31 (37)
  • Inventory Absorption Rate:  1.9

Condominium – Apartments

  • Sales increased 6.99% to 413 (386)
  • Average price increased  11.93% to $313,425 ($280,030)
  • Median price increased 2.83% to $259,900 ($252,750)
  • Active Listings were down -23.98% to 929 (1,222)
  • New listings were down -1.71% to 632 (643)
  • Days on market: 35 (50)
  • Inventory Absorption Rate: 2.2

Condominiums – Townhomes

Townhomes are firmly in a seller’s market with inventory absorption at a low 1.4 months

  • Sales were up 26.74% to 365 (288)
  • Average price was up 3.17% to $340,889 ($330,413)
  • Median price increased 7.03% to $312,000 ($291,500)
  • Active Listings were down -25.48% to 503 (675)
  • New listings were down -6.17% to 426 (454)
  • Days on market:  33 (38)
  • Inventory Absorption Rate: 1.4

For more statistics please visit my website at:

FindCalgary

Questions? Ready to buy or sell real estate? I can be contacted at mike@findcalgary.com or 403-554-2284

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