Calgary Real Estate Market in January recorded 1,199 sales as new listings hit a record low 📉 since the late 90s, 40.2% less than last year. Here are key takeaways👇 🏡 Detached Home Benchmark Price is $622,800. 6.7% increase 📈 from Feb 2022. 🏫Condo Benchmark Price is $277,600. 9.7% increase 📈from Feb 2022. 🔹 Lower-priced properties saw a steeper decline while new listings fell in nearly every price range. 🔹Detached Home sales only took up 47% of the total sales. High-interest rates steered buyers to seek out lower-priced products. 🔹” Although conditions are not as tight as last year, lower supply levels are preventing a significant shift toward balanced conditions and prices did trend up slightly over last month breaking the seven consecutive month slide. “ 🔹2,007 units in Total, 994 Single Detached Homes as of Feb 1, 2023. Source: CREB Are you planning to sell or buy? Call or Text us at 403-241-9800 TODAY! We are here to help! Follow us or visit JCRE.ca for new l...