The Calgary resale housing market has been on fire since last fall and that momentum has carried through into 2021 with preliminary data from the Calgary Real Estate Board showing that MLS sales and prices have risen substantially in February compared to a year ago.
According to CREB’s website, as of Friday, MLS sales of 1,621 have increased by 67.46 per cent from the same period in February 2020.
The median sale price of $440,000 is up by 7.32 per cent year over year while the average MLS sale price has increased by 9.26 per cent to $482,543.
New listings of 2,522 for the month are up 21.13 per cent from a year ago. But the number of active listings is down 20.45 per cent from last year to 4,536.
The average days on the market that it takes to sell a home has fallen to 45 from 57 last year, which represents a decline of 21.05 per cent.