Calgary Winter Skyline by Brendan Bel
In January 2012, Calgary Realtors reported 1080 sales through the Calgary MLS® system. Sales are down by 1% compared to the 1093 sales reported during the same period in 2011. The average selling price for Calgary houses and condos remained stable without any signifcant month to month or year over year changes.
In 2012, CREA introduced a new home price index (HPI) which enables us to see trends in home prices for a specifc type of property in a given neighbourhood. The HPI provides a more accurate picture of the real estate market in Calgary and how prices are afected by market factors. Average and median prices often misrepresent true price trends because they are affected by factors such as the change in the mix of homes sold, and the numbers of sales in diferent price categories. Learn more about MLS® HPI at www.homepriceindex.ca.