Calgary Home Sales Rising Fast!!

The residential sector of Calgary real estate is seeing sales continuing to rise in March 2012 with a total of 2,167 units. This is an increase of 12.6% over last March.

After the first quarter of 2012, sales are up by 7.3% over the same time last year. Combine that with a 7.2% decline in the number of listings in the first quarter of this year, we have seen inventory levels drop to 5,092 units compared to 5,866 last year.

More specifically, single family homes are posting the strongest activity, with sales increasing by 10.3% at the end of the first quarter. Listings on the other hand of single family homes in Calgary are 8.3% lower, resulting in a tightening of supply.

The apartment condominium market continues to record lower sales, declining 2.1% in the first quarter compared to last year. Overall market conditions in this sector continue to favour the buyer.

To get more information on the Calgary real estate market, specific community sales information, stats, etc, contact me and I would be happy to help!