Optimum Realty Group - Blog

Sales improving and inventory declines for fourth month in a row

Posted on Aug 07, 2019

City of Calgary, August 1, 2019 – For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings. The market continues to favour the buyer, but a continuation in supply reduction compared to sales is needed to support more balanced condition...

Oversupply is slowing, but a buyers’ market remains

Posted on Jul 08, 2019

City of Calgary, July 2, 2019 – New listings coming onto the market continued to decline in June, which is helping to reduce the oversupply of homes in Calgary.Year-over-year, new listings saw a decrease of nearly 19 per cent. Sales activity slowed this month compared to last year by six per cent, but the pullback in new listings was enough to caus...

Sales activity improves for second consecutive month

Posted on Jun 04, 2019

City of Calgary, June 3, 2019 – Sales growth in May was met with a decline in new listings. This combination eased the pressure on inventory levels, which finished the month at 7,467 units, a decline of 12 per cent compared to last year.Improving sales relative to inventory levels caused the months of supply to ease to just under four months. While...

Media release: April brings a slight inventory decline

Posted on May 03, 2019

City of Calgary, May 1, 2019 – There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels. The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared to last year.The slight adju...

Oversupply persists despite improved sales activity for affordable product

Posted on Apr 02, 2019

City of Calgary, April 1, 2019 – March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors.Shifts in the lower end of the market have not outweighed easing across the higher priced product. First-quarter sales dropped to 3,108 units...

Housing market feels the chill as oversupply continues

Posted on Mar 02, 2019

City of Calgary, March 1, 2019 – The effects of Calgary's economic climate continue to create weak sales activity and elevated inventory in the city's housing market. As a result, prices are being affected.“It is not a surprise that slowing activity in the housing market has persisted into February,” said CREB® chief economist Ann-Marie Lurie.“Ther...

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