Even Fewer Homes For Sale To Start 2014

In January of last year, there were 1,267 fewer homes for sale in Calgary  representing a -31.8% reduction in listings from the 3,989 we had to start 2012.

This year, there are even fewer homes for buyers to browse.   There were a total of 2,236 active listings to begin the month, down a further -17.9% from last January.

Single family home inventory is at the lowest level to begin a year since 2006 and second lowest in a decade.

Single Family Active Listings

Single Family Active Listings

Apartment and Townhouse Inventory

Condo-Apartment & Condo-Townhome Inventory

While listings increased throughout the spring and into the summer, Calgary inventory remained well below levels seen in previous years.

Calgary Inventory by Month, Y/Y Comparison

Calgary Inventory by Month, Y/Y Comparison

Calgary’s two largest neighbors, Airdrie & Okotoks, are also experiencing multi-year lows in active listings.

Airdrie Inventory

Airdrie Inventory

OKOTOKS MONTHLY TOTAL ACTIVE LISTINGS

Okotoks Inventory

The low supply obviously favors sellers. Will buyer demand carry over into 2014?  Check back on January 8th for a review of the first week of market activity.

4 responses to “Even Fewer Homes For Sale To Start 2014

  1. That’s crazy. We actually have more listings right now in Saskatoon than we’ve had since 2008. Perhaps the playing field is shifting back to Alberta a little bit? I suppose we’ll see.

    Happy New Year and best of luck in 2014. Let’s hope that both province’s markets continue to flourish.

  2. Pingback: Slow listings raising prices in Calgary | Jencor Mortgage Blog

  3. Jerry - Real Estate Calgary

    Fewer homes for sale could result to overpriced homes. An advantage to sellers indeed.

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