Download CREB’s May 2013 Housing Report: (click here) 
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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:
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Questions? Ready to buy or sell real estate? I can be contacted at mike@findcalgary.com or 403-554-2284
