INFOGRAPHICS: May 2020 CREB City And Region Market Reports

COVID-19’s impact on Calgary housing market continues.

Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary.

May sales totalled 1,080 units, a 44% decline from last year’s figures. Sales are down in all price ranges, but a greater share of sales are priced below $500,000.

In the higher price ranges the drop in inventory has not been enough compared to the drop in sales. Additionally, the months of supply is far higher than the already elevated levels seen during the past five years. The shift in sales toward lower-priced product is contributing to steep average price declines in the Calgary market.

Read the full report on the CREB website.

The following data is a comparison between May 2019 and May 2020 numbers, and is current as of June 2020. For last month’s numbers, check out our previous infographic.

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Click on the images for a larger view! (Protip: Make sure to grab the printable PDF versions, too! It fits best when printed on A4-sized sheets, AND we’ve added an area on the sheet where you can attach your business card! 🙂 )