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Calgary's Real Estate Market

Published on Jul 05, 2016

We're on the road to a stable market but not quite there yet.

Home sales were up 8% and inventory was down 8% in January 2020 compared to January 2019.

But it's not enough to see price increases yet. Overall, home prices were down 1%.

But those are just averages. There is tons of variation depending on location, type of home, and (most importantly) price.

Lower priced detached houses, and now apartments too, are starting to see some slight price increases. More expensive homes, over $500,000 are oversupplied and prices are continuing to drop.

Check out the blog: https://www.timolynik.com/blog/market-stats-by-type-of-home

PRESENTATION OUTLINE

Calgary Real Estate

Market Stats
Photo by eugeny_p

Homes on the Market

Homes Sold

Average Days on Market

Months of Inventory

Average Days on Market

Months of Inventory

Typically Home Price

Buyer's Paid 96.61% Of List Price

“We continue to see the slow adjustment to more balanced conditions, but it will take time before that starts to translate into price stability.”
Anne-Marie Laurie, CREB Economist

Photo by Vlastula