Spring has brought some fresh air to the home resale market in Calgary.
The inventory of active homes for sale in Calgary in March was the lowest level for the month in more than five years. Homes are selling quickly, but the decline in new listings also hampered resale sales growth.
There were five per cent fewer new listings in March compared to the same month in 2012; inventory is also five per cent lower after the first quarter. As a result, volume also dropped by more than two per cent last month compared to March 2012. Overall active listings stand at just 4,006 units, up from February’s levels but well below the number available one year ago.
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