Calgary’s Real Estate Market
Updated June 1 2021
Inventory rises, but seller’s market conditions remain. Here are some key statistics coming out of the Calgary Real Estate Board:
With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.
The unadjusted benchmark price in May 2021 reached $455,200. This is 1% higher than April 2021 and nearly 11% higher than prices recorded in May 2020.
Homes priced over $600,000 represent 26% of all sales, compared to 16% in May 2020
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Founded in 1980, Power Properties has been providing hassle-free property management services to property owners, property investors and non-residents with homes in Calgary, Alberta for over 40 years. Our full-service property management includes everything from move in to move out, so you don’t have to worry about the day-to-day operations of your rental property. With a team of licensed professionals, years of experience, and award-winning service, you can rest assured that your property is in good hands.