Alberta markets “hammered” in January says report

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A report by the Conference Board of Canada says that the housing markets in Calgary and Edmonton were “hammered” in January and are buyer’s markets. Senior economist Robin Wiebe reported that the seasonally-adjusted monthly rate of sales in Calgary fell by 23.9 per cent to 20,100 and in Edmonton by 9.8 per cent to 15,372. Listings also dropped by 3.9 per cent in Calgary to 52,944 and by 11.6 per cent in Edmonton to 35,784. Prices were down to $448,746 in Calgary, a drop of 2.5 per cent from December and the Conference Board’s short-term forecast for prices in the city is for them to fall. In Edmonton prices were $379,743 in January, up 4.2 per cent with the outlook for increases of between zero and 2.9 per cent in the short term. 
 
  • Robbie Ryan on 2015-02-27 10:23:00 AM

    Monthly Month to Date Month to Date
    City of Calgary Jan-14 Jan-15 % change Feb-14 Feb-15 % change
    Total Sales 1,439 879 -38.92% 1,669 1,103 -33.91%
    New Listings 2,396 3,286 37.15% 2,442 2,739 12.16%
    Active Listings 2,181 4,420 102.66% N/A 5,573 N/A
    Median 417,500 422,000 1.08% 425,000 420,000 -1.18%
    Average Price 463,303 460,930 -0.51% 485,251 462,930 -4.60%
    Days on Market 40 41 2.50% 30 35 16.67%
    Benchmark Price 426,300 459,100 7.69% N/A N/A N/A

  • Robbie Ryan on 2015-02-27 10:50:48 AM

    I find this post very confusing. The stats that I posted are from the Calgary Real Estate Boards own website.

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