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April 2013

Found 1 blog entry for April 2013.

Calgary, April 2, 2013 – The inventory of active homes for sale in Calgary are the lowest March levels in more than five years. The decline in new listings hampered resale sales growth, which declined by more than two per cent in March compared to March 2012.   New listings in March are five per cent lower than levels recorded in 2012, and five per cent lower after the first quarter. The overall active listings stand at just 4,006 units, up from February’s levels but well below the number available one year ago.   Less resale product available to consumers is ultimately limiting sales growth. In addition, resale homes are selling in less time and with continued upward pressure on prices.   Buyers have grown accustomed to a market when they…
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Re/Max, CREB Certified Condominium Specialist