Real Estate Report: Daily Real Estate Update
We’re hearing that Calgary's homes are selling fast with new listings popping up daily. The market is buzzing with activity, and prices are on the rise. Buyers and sellers, it might be time to make your move!
THE DAILY PULSE
- Daily Sales: 43
- New Listings: 55
- Daily Average Price: $625,000
Yesterday's activity saw 43 homes change hands, while 55 new properties entered the market. The daily average sale price reached $625,000; however, daily averages fluctuate significantly based on the specific mix of homes sold each day, not necessarily reflecting a shift in overall property values. This level of new supply slightly outpaced daily sales, offering a marginal increase in immediate choices for buyers.
So What? For buyers, this daily snapshot suggests a continued need for quick decisions on desirable listings. For sellers, competitive pricing and presentation remain crucial to stand out in active daily activity.
MONTHLY TRENDS
- Month-to-Date Sales: 987
- Active Inventory: 4,612
- MTD New Listings: 1,350
- MTD Average Price: $610,000
Calgary's market reports 987 sales month-to-date, with 1,350 new listings added over the same period. Active inventory currently stands at 4,612 units. The month-to-date average sale price is holding at $610,000. While new listings continue to come online, the consistent sales volume indicates strong absorption, maintaining a relatively balanced yet competitive environment.
So What? Buyers navigating these trends should anticipate sustained competition for well-priced homes, while sellers can expect reasonable market velocity if their properties are accurately valued and effectively marketed.
THE BIGGER PICTURE (YoY)
Comparing year-over-year data reveals significant market shifts. Calgary has experienced a +12% increase in sales activity compared to the same period last year, alongside a substantial +7% growth in average home prices. New listings have also risen by +5% YoY, but this growth has been outpaced by demand, contributing to the upward pressure on prices. This sustained expansion underscores a robust market driven by demographic shifts and economic resilience.
So What? This long-term trend reinforces a seller's market, where property values are appreciating steadily. Buyers facing these conditions must factor in ongoing price escalation, emphasizing the importance of securing financing and making competitive offers to enter or move within the market.
