As of today, the Calgary real estate market is balanced overall, but conditions vary significantly by property type.
For your clients, the key story is the split between property types:
Detached homes remain resilient, with tighter inventory and relatively stable pricing. Detached sales increased year over year while supply remains around 3.3 months.
Townhomes and condos favor buyers, with increased supply and benchmark prices down roughly 5% to 8% year over year.
Overall market conditions sit at about 3.9 months of supply, which is generally considered a balanced market.
Calgary Market Snapshot
The Calgary housing market remains balanced, offering opportunities for both buyers and sellers. Detached homes continue to perform well with limited supply, while increased inventory in the condo and townhouse segments has created more choice and negotiating room for buyers. With benchmark prices remaining relatively stable and inventory levels improving, today's market rewards strategic pricing and informed decision-making.
Accurate pricing is definitely the key to the real estate market in Calgary. Priced right, the house will sell!!
Comments:
Post Your Comment: