Happy New Year, everyone! Wishing you all a very prosperous, happy and healthy year ahead!
As we wrapped up the year, we've seen some real estate price moderation in the City of Calgary, largely driven by improved rental supply, and a seasonal increase in listing activity. That said, we're still very much below long-term trend levels for inventory across our city, particularly in lower price points.
Here's our view of the Sales vs. Listings dashboard:
Key takeaway: Across all months, supply (listings) continues to trend below the 5-year average by 27%, while sales (absorption) is up 15% over the 5-year average.
Some further details about how the month of December played out, per CREB figures:
