Warmer temperatures and longer days contribute to more houses being listed for sale in Calgary. Although the housing inventory is increasing, so is a consumer demand and house prices.
Calgary's market is strong. Growing economy, low interest rates, tight rental market and continued migrations to the city result in a high pressure on supply.
According to Calgary Real Estate Board the number of sales in first half of March was over 13% higher then in the same period last year, with the number of active listings being 20% lower.
The median price has jumped by 9.0 per cent to $433,000 while the average sale price has risen by 6.25 per cent to $482,307. And the average days on the market to sell a home has dropped to 27 from 35 last year.