INFOGRAPHICS: January 2020 CREB City And Region Market Reports

Here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!

In their most recent market update, CREB reports that housing market conditions continue to follow similar trends to last year, with gains in sales.

At the same time, there have been further reductions in new listings, inventory and more declines in prices.

January sales activity was 863 units, nearly 8% higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five years.

Citywide unadjusted benchmark prices were $417,100 in January. This is slightly lower than the previous month and nearly 1% lower than last year’s levels.

Benchmark prices eased, but there were some modest improvements in both the average and median prices. This is likely a reflection of some changes in the distribution of sales.

AS per CREB® chief economist Ann-Marie Lurie,

“A persistent slowdown in the energy sector has resulted in a reset in many aspects of our economy. This includes the housing market. We continue to see the slow adjustment to more balanced conditions, but it will take time before that starts to translate into price stability.”

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

Or follow this link for all our CREB Infographics!

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! 🙂 )