Once again there were a lot fewer homes sold in Calgary in the month of November when compared to this time in 2014. The persistently low oil prices combined with job losses are having an effect on the Calgary economy, so it makes sense that the real estate market would be suffering.
For single family houses, there were 798 homes sold at an average price of $523,152 which is a 7.2% decline from November of 2014. On average it took 43 days for a house to sell and there were 2,675 active listings.
Condos didn’t fare any better with only 195 apartment style condos being sold in November at an average price of $299,858. It took 50 days for a condo to sell and there were 1,351 active listings.
Here is the infographic for a visual representation of the numbers.
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