"Pipelines, weak job market and tougher lending rules continue to weigh on home sales in Calgary. As inventories rise across all market segments prices continue to decline. For some this may be a good time to step into a home that was previously out of reach, but overall, market conditions will only improve when there is greater stability in our energy sector." Susi Woulds, Remax Landan
December Market Data:
. Total Sales: 794, down 21.31% year over year.
. New Listings: 1,047, down 14.25% year over year.
. Total Listings: 4,904, up 13.47% year over year.
. Average Days on Market: 69, up from 58 last year.
Benchmark Sale Prices:
. Detached House: $481,400, down 3.47% year over year.
. TownHouse Condo: $317,900, down 3.78% year over year.
. Apartment Condo: $251,500, down 2.44% year over year.