Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month.

Persistent sellers’ market conditions placed further upward pressure on home prices in April.

Sales activity has behaved as expected through the start of 2023 and slowed by 43 per cent over last year’s all-time record-high performance in the first quarter.

Sales and new listings have improved over the levels reported at the beginning of the year.

Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.

CREB^®’s 2023 housing market forecast for Calgary and surrounding areas is now available!

December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.

Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average.

October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.

Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year. 

August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.