For only the second time on the past 5 years Calgary’s real estate market has returned to balance.

A balanced market is described as two and a half to four months’ worth of inventory to support the current volume of sales in all categories.

For the month of March Calgary produced 2,701 unit sales in all categories combined (an increase of 17% over last year) and at month’s end we had a total of 8,650 active listings. This equates to 3.2 months’ worth of inventory, a balanced market.

As we move into the heart of the spring market expect to see homes selling closer to the asking price and selling in fewer days. This is GREAT news for sellers after having endured the slow market for the past 5 years.

Timing is still great to buy with record low interest rates and still an adequate supply of inventory, but should this trend continue we could see upward pressure on prices over the next few months.  Call me today at 403-238-3113 for more information!