The data clearly shows that the buyer “fence sitters” have jumped off the fence! This is possibly because anyone who buys property during this market cycle has the good fortune of incredibly low financing rates and also because we have seen a decline in the Benchmark Prices.
Download Calgary and Area Real Estate Statistics – April 2015
However it looks like the Seller “fence sitters” have jumped back on the fence! Perhaps this is also because of the decline in the Benchmark Prices.
In most reported market segments both sales and the absorption rates are up from last month and the months of supply are lower.
If this pattern continues, balanced market conditions will soon follow.
If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.
Hope this helps!
Susanita de Diego
