The list to sell ratios were almost equal for the first 3 weeks of this month so far, now seems to be falling back to a 70/30 ratio with more listings entering than selling.
As mentioned previously in my blog, the home prices are very dependant on these numbers. We saw properties under $300,000 become very scarce, especially in the NW and SW quadrants, now rolling up to March, the number of new listings is slowly creeping back up with quite a few in the entry level market.
The MLS listings in Calgary is sitting at 2504 (not including surrounding communities like Airdrie, Chestermere and Cochrane). Personally, I would like to see 3000. At 3000 MLS listings, we will see much more stability.
I am still unable to see a surge like last year, but do see a steady rise - especially inner city.