Calgary Housing: Daily Shift, Monthly Gains, Yearly Growth

DAILY CHANGES

Yesterday saw a slight uptick in Calgary's housing market. Average prices edged up by 0.1%, while new listings increased by 5%. Sales volume decreased by 2%, and Days on Market (DOM) saw a minor reduction of 1%.

For Buyers: A small increase in new listings offers slightly more choice, but sales cooled slightly. For Sellers: Prices held steady, but a dip in daily sales volume suggests careful pricing remains key.

MONTHLY CHANGES

Over the past 30 days, the Calgary market shows clear signs of heating up. Average prices have climbed by a significant 2.0%. New listings surged by 10%, accompanied by an 8% rise in sales volume. Days on Market (DOM) fell by 5%, indicating faster transactions.

For Buyers: Increased activity means more competition and potentially quicker decisions. For Sellers: This trend indicates strong demand and better pricing power, with properties moving faster.

YEARLY CHANGES

Comparing today to this time last year reveals substantial long-term value growth. Average prices are up by a robust 15%, with the current average price at approximately $620,000. While new listings decreased by 3% year-over-year, sales volume jumped by 7%, and DOM plummeted by 10% to an average of 18 days.

For Buyers: Prices have seen considerable appreciation, emphasizing the cost of waiting. Limited new listings year-over-year suggest ongoing supply challenges.

For Sellers: Significant equity gains and a faster selling environment reinforce a strong market position.