The month of May seemed to be our best month this year, in the Calgary Metro area, showing an increase in the median sales price by a little less than 1% while the average price showed an increase of 2%. When compared to last years May month, we also showed a little less than 1% increase. Overall, if you are a home owner, it is nice to see an increase. If we trend with last years results, we will start to see the market slightly decline next month. 

The Condo market reached its highest median price this year so far showing a 3% increase from last month. Although, when comparing to May 2010, median price decreased by 4%. The average price from April 2011 decreased nearly 1% and when compared to May 2010 we have witnessed a 5% drop. 

Last year our Spring rush ( for real estate sales) was in March and was fairly short lived. This year our Spring market seems to have been delayed by a month pushing our increased sales into April and May. Probably due to our wonderful Calgary weather!