Check out CREB's monthly statistics package | City of Calgary, May 2018

May sales activity continue to ease with the largest declines occurring in the detached sector. Additional gains in new listings continue to increase inventory levels. CREB®

“Economic conditions have improved compared to several years ago, but the pace of recovery has not been enough to outweigh the changes in lending conditions.” CREB® Chief economist Ann-Marie Lurie.

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CREB’s housing market facts:

• Year-to-date detached sales in Calgary totaled 4.047 units. This is 21 per cent below last year’s levels and 26 per cent below long-term levels. Further gains in new listings across most districts pushed up inventory levels.
• Detached benchmark prices totaled $504,500 in May. This is similar to last month and 0.4 per cent below last year. Year-to-date, benchmark prices remain comparable to last year, but remain nearly four per cent below 2014 highs.