The Calgary Real Estate Market is like any other market that is influenced by Supply and Demand.
The total inventory (Active Listings) divided by the Average Daily Sales of the past 90 days gives us our Months of Supply.
The Calgary Real Estate Board number crunchers tell us that a 3 month supply is a Balanced Market.
|Home Type||Active MLS Listings||Sold – Last 90 Days||Sales
|Months Of Inventory|
The Calgary Real Estate Board has broken the stats into 3 types of properties
Condo’s are Apartment Style Homes
Attached Homes are Townhouses, Row Houses, Duplex, 4 Plex
Detached Homes are Single Family Detached Homes
This report is a Snap Shot of where the market is at the date of the report.
Overall Calgary is close to a Balanced Real Estate Market. However, when you take a closer look, it is clearly a Seller’s Market for Detached Homes and a Buyer’s Market for Condo’s.
If we were to look at any one of the over 200 Calgary Communities the market may or may not reflect the overall market. And some Condo Buildings may also not reflect the overall market.
Feel free to call me at 403 831 0842 if you would like to know your home’s value and what kind of a market your home is in right now.
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