Calgary Real Estate: Inventory Outpaces Sales Amidst Seasonal Shift
THE DAILY PULSE
Calgary's real estate market enters December with a characteristic seasonal slowdown. Yesterday saw 56 sales countered by 63 new listings, a slight daily inventory expansion. Current active listings sit at 5,525. This signals new properties arriving faster than homes are selling, hinting at a more measured pace. Buyers gain a minor edge, while sellers must price acutely to attract swift offers.
MONTHLY TRENDS
Early December data shows 91 sales against 124 new listings so far, reinforcing inventory accumulation. While the current monthly average price of $656,368 reflects strength in premium segments from early transactions, the accumulating supply, especially in multi-family units, indicates a cooling market from earlier highs. Sellers planning to list soon should brace for a more competitive landscape, particularly in higher-density segments where supply is rising.
YEAR-OVER-YEAR CONTEXT
Year-to-date, Calgary boasts 21,758 sales with an average price of $629,609. However, the overall November residential benchmark price softened by nearly 5% year-over-year to $559,000. Active listings surged 28% year-over-year in November, particularly for apartment and row-style homes, creating "Buyer's Market" conditions in those sectors. Buyers seeking long-term value should target multi-family units, where increased supply and shifting market dynamics offer compelling opportunities for negotiation and future appreciation.
