A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

 

Calgary Real Estate Market Update


Can you say Market Shift?

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

• detached homes:

1,967 Active + 338 Pending Sales = 2,305 Available Inventory
985 Sold in last 30 Days = 2.34 months of supply

• apartment condo homes:

1,160 Active + 156 Pending Sales = 1,316 Available Inventory
468 Sold in last 30 Days = 2.81 months of supply

• town homes:

487 Active + 118 Pending Sales = 605 Available Inventory
339 Sold in last 30 Days = 1.78 months of supply

• semi-detached homes (½ duplexes):

336 Active + 54 Pending Sales = 390 Available Inventory
158 Sold in last 30 Days = 2.47 months of supply

• Total Market:

3,957 Active + 668 Pending Sales = 4,625 Available Inventory
1,953 Sold in last 30 Days = 2.37 months of supply

[source: creb, Pillar-9, 2022-09-30]
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.