Inventory and home prices increased in March while sales for the month dropped.
Home Prices
Home prices in Calgary rose by 0.8% from February, and by 0.1% compared to last year.
What is a benchmark price? The benchmark price is the estimated value of a “typical” home in a community, based on the most popular combination of features, e.g. age, size, number of bedrooms and bathrooms.
Sales and Inventory
Sales dropped by nearly 19% from last year and inventory rose by a whopping 102.4% compared to last year.
Data provided by the Calgary Real Estate Board. For more information, visit their website.
