Aprils real estate market slowed however, there were 3,401 sales with a gain of 6% over last year and a record high for the month of April.

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New listings trended down relative to last month and levels recorded last year. With the sales-to-new listings ratio remaining above 745, there was not much of a shift in overall inventory levels. With 4,850 units in inventory, we are no where near record low inventory levels, however, levels are far lower than what was recorded in April since 2014.

Overall, the Calgary market has seen the months of supply remain below two months since November of last year, placing significant upward pressure on prices. The benchmark price in April reached $526,700, which is nearly 2% higher than last month and 17% higher than last year.

Contact me to discuss how this impacts your buying or selling decision!

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠⁠
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