Seller’s Market? Weekly/Monthly City of Calgary Real Estate Update for Single Family and Condominium (single family includes all detached and attached homes that are not condominium)
3919 Homes for Sale
1847 Homes Sold in the last 30 days
2.12 Months Worth of Inventory
Slightly less than half the inventory has sold in the last 30 days
Market conditions border a Seller’s market
Vacancy of Homes on the Market 21%+/-
Tenanted Homes on the Market: 13%+/-
Weekly Median List Price : $418,200
Weekly Median Sale Price : $403,250
Weekly Median Square Footage: 1288
Weekly Median Days on Market : 24
Weekly Median List to Sale Price Ratio : 98%
Sales have ever so slightly declined over October 2012 sales data from the Calgary Real Estate Board. The number of homes actively for sale on the market are in line with last October’s stats. We are consistently showing below 2.3 months worth of inventory available; a balanced market is about 2.3 - 4 months of inventory. The available inventory is what’s driving the seller’s market versus a balanced market. If the amount of homes increased another 500+, we would enter a more balanced market.
www.GreaterCalgaryRealEstate.com