CALGARY REAL ESTATE MARKET UPDATE. MARCH 2013

Total homes sold: 2110

Average price: $460 700

Average time on market: 35 days

Well priced and well presented homes are selling quick in Calgary.  The March average of 35 days on market (DOM) is the shortest duration Calgary's seen over the past 12 months.  Calgary has edged into a sellers market after spending much of the winter in balanced conditions.  With tighter mortgage rules in effect fewer first time buyers are entering the market, however those who are qualified are taking advantage of very low lending rates.