What happened in March

The median price hit an all-time high for Calgary at $450,000 which obliterates the previous high of $439,000 set back in Jun 2007.

Inventory vs sales and price

There’s an overwhelming demand for homes priced under $500,000 with only a 36-day supply of homes on the market. Last year in this price range, there was a 51-day supply.

Read more here Monthly stats update

Does the phenomenon of recency distort our views? How far back should you examine the numbers when considering housing data? From the Globe and Mail: Housing bears need to relax and take the long view.

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One response to “What happened in March

  1. On the first day of April, 23% of SFH sold for list price or higher.

    A 1507 sq ft home in Arbour Lake was listed for $424,900 and sold for $428,500. It was on the market for only 3 days before it had a firm offer. The 2-storey home was originally purchased in 2004 for $242,000.

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