A closer look on what's happening in the Calgary housing market for April 2015 gives us a glimpse of what's expected in the coming months for the Calgary real estate market.

According to the Calgary Real Estate Board's (CREB®) latest Calgary Regional Housing Market Statistics, the Benchmark Price for all residential housing units in Calgary slightly declined to $451,600 in April 2015 from $459,100 in January of this year. This is also lower than $459,900 of November 2014, the most recent record high. These slight declines in figures indicate that after all, the housing market for Calgary is still well balanced and relatively stable. Benchmark Price is the best indicator of trends and price changes in the market.

A unique trend this year and most critical for last month was the New Listing Inventory for April 2015. Instead of registering the highest figure for the spring months (April, May & June), April's new listings was down to 3,064 from the previous month's 3,126; and also much lower than April 2014's new listings of 3,734. Also reflective of a balanced market is the Total Inventory which was down to 5,579 in April 2015 from its peak at 5,693 for March 2015. For February 2015, it decreased 11% to 2,936 units from 3,268 in January 2015.

Interesting to note for April 2015 is the overall supply inventory level of 2.85 months, up from 1.55 in April of 2014. This is classified as a buyer's market inclined toward a balanced market.

According to Ann-Marie Lurie, chief economist at CREB®, if the recent trend of a balanced market in terms of supply months and ratio of sales to new listings continue, then it would deter resale inventories from soaring to record highs, thus improve Calgary housing prices with limits in downward pressures. It is also observed that the price level, type of housing and location or community, are factors that affect increases in new listings.

The recent trends and statistics in the Calgary housing market finally brings a brighter outlook, defying claims of market crash as earlier reported by media.

Let us share to you some views on market trends and housing in your community. Visit Calgary Realtor Ross Pavl at: http://www.rosspavl.com/blog/april-2015-calgary-real-estate-benchmark-prices-down-slightly.html