Calgary housing market on fire in April

Calgary’s resale housing market was on fire in April with sales activity and prices on a steep upward trend compared to a year ago.

Preliminary statistics on the Calgary Real Estate Board website indicate MLS sales of 3,209 for the month were up by 462 per cent from April 2020.

Bear in mind that the real estate market came to nearly a halt last year during the first lockdown due to the COVID-19 pandemic.

The median sale price in April of $455,000 increased by 15.63 per cent while the average MLS sale price of $509,131 climbed by 20.27 per cent.

In April, there were 4,670 new listings which was an increase of 227.49 per cent. Active listings at the end of the month of 6,071 were up by 7.53 per cent.

It is also taking less time to sell a home. In April, the average days on the market to sell a home fell by 40 per cent from a year ago to 33 days, down from 55 days in April 2020.

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