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.
“While higher lending rates are impacting sales activity as expected, we are seeing a stronger pullback in new listings, keeping supply levels low and supporting some stronger-than-expected monthly price gains,” said CREB® Chief Economist Ann-Marie Lurie. “Prices are still below the May 2022 peak and it is still early in the year. However, if we do not see a shift in supply, we could see further upward pressure on prices over the near term.”
To read the full stats release on February's housing market for Calgary and surrounding areas, click here.
February housing market snapshot
(Shareable social media images - click on the images to enlarge and save)
Click here to view the full City of Calgary monthly stats package.
Click here to view the full Calgary region monthly stats package.
Members can also access a wide range of housing data tools and dashboards on CREB®Link.
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