As we finish off the first quarter of 2011 with relatively flat numbers with respect to number of housing units sold, watch for gains to begin in the second quarter.  After 3 years, we finally have a recipe brewing for our market here in Calgary to begin to pick up some steam.

Last year we struggled in the second quarter as sales of single family homes lagged behind the previous year by 28%.  New listings last year were also up in the second quarter over the year before by a whopping 27%.  With our listing count trending down and as we compete against these soft numbers we should come out at the end of the second quarter with good results.

Positive net migration and job creation in the province combined with strong energy prices and stable interest rates are all factors as we watch our housing market begin to improve.

Click here to view CREB Calgary’s Regional Market Stats for March 2011.

Click here for archived residential monthly statistics. Archives provide one year worth of information.

Contact me at 403-238-3113 for more information!