April is in the bag. Kudos to Mike F. as always - prices of homes that are selling are up slightly 0with first-time home buyers kicked/slowed out of the market. Prices of actual homes continue to slide with sales to listing ratios still solid at less than 100% as per the last 12+ months(?)
Sales are ~10% down even versus the "worst in a decade" of 2010. CREB is still forecasting 20% increase from those terrible levels - things better pick up soon or they'll have to revise it. Pending numbers went up a bit near the end of the month but are back below last year - so a good part of May will probably be lower than last year as well. That still boggles my mind a bit considering how many more people the city has added in the last 10 years for it to be that low.
Inventory is actually relatively low versus last year and we will see how everybody's MASSIVE
oil bonus cheque may offset the increasing cost of everything (gasoline, food, etc.)
Interesting times.
http://findcalgary.com/