"It was a slow start to the year as jobs and pipelines continue to weigh on consumers. Citywide benchmark prices are down 4% and weak market conditions are expected to persist through much of the first quarter. For some this may be the time to step into a home that was previously out of reach, but for the overall market any improvement will be mostly dependent on good news from the energy sector." Susi Woulds, Remax Landan
January Market Data:
. Total Sales: 804, down 16.16% year over year.
. New Listings: 2,575, up 4.85% year over year.
. Total Listings: 5,473, up 17.95% year over year.
. Average Days on Market: 72, up from 61 last year.
Benchmark Sale Prices:
. Detached House: $476,500, down 4.45% year over year.
. TownHouse Condo: $313,700, down 4.48% year over year.
. Apartment Condo: $251,300, down 1.99% year over year.