October Summary from The Calgary Elite Real Estate Team

Calgary Real estate Market review

October Summary from The Calgary Elite Real Estate Team
  • October sales in 2019 improved by nearly 10% compared to the same period in 2018.
  • New listings in October have eased and reduced inventory levels as a result, however we are still experiencing a general oversupply in the market and prices are lower than last year’s levels as a result.
  • Employment shifts over 2019 have resulted in increased activity amongst affordable housing products, and homes under 500k are moving towards balanced conditions.
  • Meanwhile, the upper end of the market is experiencing rising supply without matched increases in demand.
  • The result of increased supply and decreased demand at the high end of the market is the prevention of price stabilization city-wide.
October 2019 In Review
Total Sales Volume
New Listings
Sales to New Listings Ratio
Days on Market
Benchmark Price
Median Price
Average Price
City of Calgary CREB Statistics
CREB® Definitions
View CREB October 2019 Statistics package
2019 Calgary Monthly Stats

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