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Brady Layton, BComm, CFP

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Calgary resale listings on the decline

If you are potential homebuyer these days in the Calgary market, you’ve probably noticed the number of properties listed for sale isn’t what it was like a year ago.

Numbers by the Calgary Real Estate Board on MLS listings certainly point that out.

According to CREB, up to March 11, new listings during the month have dropped by 4.13 per cent from a year ago to 1,161. And active listings are down by a whopping 25.29 per cent to 3,755.

Year-to-date, new listings are off by 4.51 per cent from the same period a year ago to 6,325.

Combined with the decline is a trend of homes selling faster.

So far in March, days on the market for a sale are 37, down from 44 last year. Year-to-date, days on the market have declined to 42 in 2013 from 51 for the same period in 2012.

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Brady Layton, BComm, CFP, Remax Landan Real Estate
#102 279 - Midpark Way, Calgary, Alberta, T2X 1M2
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