Calgary Monthly Statistics Package CREB MARCH 2021 MLS STATISTICS – DARYL CARLSON – Calgary housing market sees best March sales in over a decade. Persistent sellers’ market conditions contribute to price gains.
Calgary housing market sees best March sales in over a decade Persistent sellers’ market conditions contribute to price gains City of Calgary, April 1, 2021 – The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007. “Low lending rates and improved savings have supported sales activity,” said CREB® chief economist Ann-Marie Lurie. “However, sales have been somewhat restricted by the lack of listings. This month there was a jump in new listings, contributing to the strong monthly sales.” Inventory levels pushed above 5,400 units, but citywide months of