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Calgary Real Estate Market Update – 2022-10-28


Can you say Market Shift?

The Calgary city market is heating up due to less inventory being available in October. Condominium property sales are now accounting for 40% of the whole single family market.

Single-family home inventory on our Calgary MLS® System broken down:

• detached homes:

1,739 Active + 318 Pending Sales = 2,057 Available Inventory
961 Sold in last 30 Days = 2.14 months of supply

• apartment condo homes:

1,034 Active + 169 Pending Sales = 1,203 Available Inventory
438 Sold in last 30 Days = 2.75 months of supply

• town homes:

377 Active + 120 Pending Sales = 497 Available Inventory
322 Sold in last 30 Days = 1.54 months of supply

• semi-detached homes (½ duplexes):

290 Active + 59 Pending Sales = 349 Available Inventory
167 Sold in last 30 Days = 2.09 months of supply

• Total Market:

3,447 Active + 670 Pending Sales = 4,117 Available Inventory
1,888 Sold in last 30 Days = 2.18 months of supply

• Condominium properties (only):

1,394 Active + 303 Pending Sales = 1,697 Available Inventory
766 Sold in last 30 Days = 2.22 months of supply

[source: creb, Pillar-9, 2022-10-28]
A normal, and highly desirable, “balanced” market has between 2 and 4 months of inventory supply.
___________________________
Tom Bushey,
Associate Broker & REALTOR®
RE/MAX iREALTY INNOVATIONS
403-860-8291
Tom@TomBushey.ca
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.