Last year we experience low inventory of Calgary homes for sale compared to 2012, unfortunately this year it’s even lower. Inventory over Feb 2013 has decreased by 18.22% and sales have increase by 6.66%. This tells me that properties are coming onto the market at decent prices and getting swooped up right away. On top of that the portion of inventory that got batted around in the last few months has finally found a buyer.
Now as for property values the increase is holding true to the beginning of the year forecast. Condos have increased by 3.4% over January 2014 and single family homes have increased by 5.4%.