New Listings Level Off In February

The surge of new listings into the Calgary market has abated – at least for now.

A total of 2400 homes were listed between February 1-23, a -2% dip from 2453 new listings from the same span last month.  It’s noteworthy because in the past 5 years, new listings have risen an average of 28% between the same two periods (or 13% using month-end figures)

Whether this is a temporary lull in new listings due to pulled forward activity from anxious sellers in December & January will become more clear in the weeks to come.

New Listings Percent Change

New Listings Percent Change between Jan 1-23 and February 1-23

New Listings February 1-23

New Listings, February 1-23, Y/Y comparison

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