Sales for total residential were 1,322; with an additional 1,239 new listings, the sales-to-new listings ratio increased to over 100%. While this would indicate a strong seller’s market, it is likely a quirk of seasonality and the holidays in December
The unadjusted benchmark price decreased month-over-month, going down from $587,900 to $583,300, a modest 3% increase from last year
The Calgary real estate market remains relatively hot compared to historical standards but is cooling from the elevated activity over the last 3 years. December and January are historically periods of low activity, however, if the Bank of Canada makes another large interest rate reduction in January, the spring market could be extremely active
